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29 May 2020 The on-line newspaper devoted to the world of transports 03:07 GMT+2

July 1, 2019

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Hyundai Merchant Marine will join to the THE Alliance

The South Korean company will place side by side Hapag-Lloyd, ONE and Yang Ming from on April 1°, 2020, to the term of the agreement of collaboration with 2M

The company of South Korean navigation Hyundai Merchant Marine (HMM) will enter to take part of the THE Alliance, shipowning consortium currently constituted by the Hapag-Lloyd German, the Ocean Japanese Network Express (ONE) and by the taiwanese Yang Ming. The Ministry of the marine Activities and the peach of Seul has announced today, specifying that the adhesion will on April 1°, 2020 have effect from and a duration ten-year-old as, in concomitanza with the subscription of the agreement with HMM, the partner of THE Alliance they have agreed to extend their cooperation until March 2030.

HMM will enter therefore to take part of THE Alliance after the collaboration agreement has term that the South Korean company had signed two years ago with the partner of the shipowning alliance 2M, that it is constituted by the Danish Maersk Line and the Helvetian Mediterranean Shipping Company (MSC), understanding of active collaboration from the April 2017 that will have term 2020 in March(on 12 December 2016).

While the understanding between the HMM and the 2M is essentially based on the purchase or the exchange of cargo spaces on portacontainer the employees from the broken determined companies on, with the HMM in it only dresses of associate member of the consortium, with the adhesion to THE Alliance the South Korean company will on a level become partner with Hapag-Lloyd, ONE and Yang Ming. The income in the THE Alliance will happen moreover in concomitanza with the taken one in delivery of before the 12 ordered large new portacontainer from 23.000 teu last year from the HMM to which it will follow the delivery of eight ships from 14.000 teu(on 4 June 2018).

According to the esteem of the South Korean Ministry, based on data of the society of Alphaliner advising, with the contribution of the HMM new THE Alliance will put in field a fleet with a total cargo ability pairs to 5,09 million teu, with a contribution by the South Korean company of 251 thousand teu subdivided between 128 thousand teu of ability on the Asia-America routes and 113 thousand teu on the Asia-Europe routes.

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