Tag: THE Alliance

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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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Survey: How can small carriers compete shipping alliances

Xeneta issued a survey on the competence between big shipping alliances and smaller lines, stating that, in the current economic conditions, there aren't many shipping lines that can operate entirely on their own, as they cannot provide the required coverage all by themselves, so they enter shipping alliances. However, there must be ways that smaller lines can also offer value.

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