![HMM to join the Alliance HMM to join the Alliance](https://www.datamarnews.com/wp-content/uploads/2019/07/HMM-to-join-the-Alliance.jpg)
K-Alliance starts operations
Sep, 03, 2021 Posted by Sylvia SchandertWeek 202135
Five South Korean liner operators began their code-sharing arrangement on intra-Asia routes on 1 September.
HMM, SM Line Corporation, Pan Ocean, Sinokor Merchant Marine and Heung-A Line have started joint intra-Asia services under the K-Alliance that was engineered by the Ministry of Oceans and Fisheries (MOF) and state-backed ship finance provider Korea Ocean Business Corporation last year.
There are 13 South Korean liner operators active in the intra-Asia segment and the MOF was concerned about growing competition from foreign rivals in what is already a saturated market. However, while all the liner operators were invited to be part of K-Alliance, membership is voluntary and none of the other liner operators were obliged to join in.
The K-Alliance members plan to collect cargoes in Asia for transhipping to the US and Europe.
Source: Container News
To read the full original article, visit the link:
-
Other Logistics
Aug, 12, 2019
0
Paraná: Railway projects are presented to Chinese group that bought TCP
-
Trade Regulations
Jun, 30, 2023
0
Brazil to lower import tax to zero on shipments up to USD 50
-
Sugar and Ethanol
Jun, 25, 2021
0
NYSE: FX rates and oil drive sugar prices
-
Ports and Terminals
Dec, 17, 2020
0
Porto do Pecém to receive large vessels again with liquid fuel