Help Desk -
9958816305, 9810335381

Hyundai Merchant Marine To Join The Alliance As A Full Member

Logistic News - Published on Wed, 03 Jul 2019

Image Source:
Members of The Alliance, Ocean Network Express, Hapag-Lloyd, and Yang Ming announced a fourth member, Hyundai Merchant Marine, a South Korean container liner shipping company to join THE Alliance as a full member. Through this, the members of THE Alliance have also decided to establish a new cooperation with four members and a term until 2030. The actions were agreed in Taipei on 19 June 2019. Subject to the necessary regulatory approvals, the new contract between the four lines will start on 1 April 2020. HMM has ordered twelve 23,000 TEU vessels which will be delivered in the second quarter of 2020. Additionally, eight 15,000 TEU newbuildings will join HMM´s fleet in the second quarter of 2021. HMM´s 23,000 TEU newbuildings will be deployed in the Far East – North Europe trade and will further strengthen THE Alliance´s service portfolio.

Mr Jeremy Nixon, CEO of Ocean Network Express, said htat “We are very happy to see HMM join THE Alliance, as their membership will allow us to offer enhanced services to our customers due to a wider port coverage, expansion of our product offerings, more sailing frequencies and a better balance of our cargo flows.”

Source :

Posted By : Mohan Sharma on Wed, 03 Jul 2019
Related News from Logistic segment