The Mild Seven Renault F1 Team and Hanjin Shipping are pleased to announce a multi-year extension of their partnership.

Flavio Briatore, Managing Director of Renault F1 Team UK, commented: "I am pleased to see our business alliance with Hanjin continue. It is a big satisfaction to see that we can count on a long term partnership with our partners and I look forward to sharing success and achievements with Hanjin."

Patrick Faure, Executive Vice-President of Renault and Chairman and CEO of the Renault F1 Team said: "This collaboration is mutually beneficial and I am delighted that Hanjin Shipping has reaffirmed its commitment to the Renault F1 Team."