Tag: HMM

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HMM becomes a member of THE Alliance

Hyundai Merchant Marine (HMM) will be the fourth member, besides Hapag-Lloyd, Ocean Network Express (ONE) and Yang Ming, to join THE Alliance. 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. The new contract between the four lines will begin on 1 April 2020.

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HMM’s CEO wants to improve relations with Maersk, MSC

The new CEO of South Korean shipping company Hyundai Merchant Marine wants to improve relations with Maersk and the Mediterranean Shipping Company of the 2M alliance. For this reason, Jae-hoon Bae will visit the two companies to strengthen their ties. Currently, the company has an agreement to swap container space with Maersk and MSC on trades between the Far East and US, which will expire in a year.

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