Mitsui OSK Lines (MOL)'s container operations are smaller than its dry bulk and tanker operations . In FY13 the container unit's revenue accounted for 4 1.4% of the group's total. In terms of vessels , containers hips account for just 13.3% of the total number of s hips operated by MOL.
Hanjin was formed in 1977 and in 1988 merged with Korea Shipping Corporation, becoming Hanjin Shipping Company. Until 2009 it was part of the Hanjin Group, and has s evera subsidiaries , including Keoyang Shipping . Hanjin's former German subsidiary Senator Lines dis continued its services in February 2009 , as a result of deteriorating market conditions .