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Hyundai Merchant has scaled back after 2M arrangement

Hyundai Merchant Marine has reduced its capacity by 28 percent in the period from April to June, according to Alphaliner. HMM has chartered nine vessels to the 2M alliance members Maersk Line and MSC, with whom the South Korean carrier has formed a vessel sharing agreement.

HMM books major operating loss in 2016

South Korean container carrier HMM ends 2016 with an operating loss of USD 595 million, writes Alphaliner. Besides bankrupt Hanjin, the carrier's operating margin was the worst among listed carriers last year, writes the analyst agency.

SeaIntel: Keep an eye on rates in April

The launch of the new container alliances on April 1 will mark a new era for container shipping, and market observers will keep an eye on whether the new setup helps container majors keep rates high on key trades, notes SeaIntel.

Analysis: Considerable savings in having fewer container hubs

The container carriers are working to reduce the number of direct links between several ports on the major tradelanes which will be serviced by the three alliances starting April 1. A new analysis concludes that this could be good for the carriers' business, though it could also hurt the ports.

Alphaliner: Maersk Line and MSC in massive capacity buildup

The 2M alliance between MSC and Maersk Line will, starting April, increase its capacity on Asia-Europe by 25 percent, and the significant volume expansion could trigger rate disruptions, writes analyst firm Alphaliner in its latest newsletter.

SeaIntel: Container alliances mean fewer port pairs

When the new container alliances and 2M launch their new sailing schedules on Asia-Europe a few weeks from now, shippers must expect fewer direct links and thus bigger needs for cargo reloading in ports, according to an analysis from SeaIntel.

South Korea supports Hyundai Merchant with more than USD 600 million

Maersk Line and MSC's South Korean collaboration partner Hyundai Merchant Marine will get a majority of the funds made available by the South Korean government to support the country's shipping and shipyard sector. The funds will be used to order new vessels, among other things.

2M alliance upgrades its East-West network

The 2M alliance has upgraded its East-West network, a move characterized by the big changes that have taken place in the sector, according to MSC, including the recent slot agreement with Hamburg Süd. Find the complete, new network below.

Maersk Line and MSC expand aggressively in the Pacific

The world's two largest container carriers have expanded their Pacific network, most recently on Dec. 26, causing problems for ailing South Korean partner Hyundai Merchant Marine, which according to Alphaliner is now left with an unrealistic growth plan.

Media: 2M puts severe pressure on Hyundai Merchant

South Korean Hyundai Merchant Marine's negotiations concerning the carrier's possible participation in the 2M alliance with Maersk Line and MSC have, according to a Korean news outlet, been fraught with problems. A meeting in Copenhagen on Tuesday could prove decisive.

2M to land deal with South Korea's HMM within days

Within the next two weeks, 2M carriers Maersk Line and MSC will be able to present an agreement with South Korea's Hyundai Merchant Marine, say sources with knowledge of the process to ShippingWatch. The South Koreans believe that HMM will join the 2M alliance.

2M picks up Hanjin's market shares on Asia-US

International container carriers have to a large extent picked up Hanjin Shipping's market shares on the key Asia-US routes. This applies to Maersk Line and MSC's 2M alliance and Chinese Cosco, in particular, according to data from Busan Port Authority.

FMC member: Alliances should plan for collapses

One member of the US Federal Maritime Commission (FMC), William Doyle, calls for other members of a container alliance to take responsibility when a member collapses, reports the Journal of Commerce.

HMM may hire its first CEO from outside Korea

Chances are that a foreigner may become the new Chief Executive Officer when Hyundai Merchant Marine is taken over by creditors in August. The South Korean container carrier has never had a CEO before who was not a Korean native.

Maersk Line confirms 2M deal with Hyundai Merchant

A memorandum of understanding between Maersk Line and MSC's 2M alliance and Hyundai Merchant Marine has been signed. Now the more specific details concerning the Korean carrier's membership will be discussed, Maersk Line tells ShippingWatch.

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