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:
-
Ports and Terminals
Sep, 06, 2022
0
Shanghai port opens giant empty container transportation centre
-
Economy
Oct, 25, 2024
0
Brazil wants BRICS structure to leverage farming exports to Russia
-
Trade Regulations
Nov, 29, 2019
0
Ministry corrects export data of November and adjusts the balance of the month
-
Automotive
Feb, 07, 2022
0
Brazilian automotive industry slightly recovers in 2021