Hanjin Shipping: container business to recover late 2010

SEOUL Dec 2 (Reuters) - Container shipping firm Hanjin Shipping (000700.KS), a major operator of U.S.-Asia route, expects the downturn-hit industry to recover by late next year, Chairwoman Choi Eun-Young said on Wednesday.

Hanjin Shipping is set to see its losses narrow next year, she said, without elaborating.

Choi was speaking at a news conference to mark the launch of Hanjin Shipping Holdings, a holding company split from Hanjin Shipping. (Reporting by Rhee So-eui; Editing by Jonathan Hopfner) ((soeui.rhee@thomsonreuters.com; +82 2 3704 5650; Reuters Messaging: soeui.rhee.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))