![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 Cargo
Sep, 19, 2022
0
Brazil: milk imports increase 63.3% in August
-
Other Cargo
Sep, 13, 2023
0
Brazil grapples with major fertilizer dependence challenge
-
Ores
Jan, 19, 2022
0
Federal prosecutors from Minas demand interventions in 18 Vale dams after intense rainfalls
-
Grains
Mar, 25, 2020
0
Reversal of ban allows Canarana (MT) to transport grain again