South Korean container carrier Hyundai Merchant Marine denies that a partnership with competitor SM Line is on the cards. A spokesperson from the carrier says it is unfeasible at this time, reports Fairplay.
The announcement comes after 2M, established with vessels from Hanjin's bankruptcy, expressed the hope of a future collaboration with the competitor, with whom it competes on the Pacific among other places. This was repeated again one week ago, but HMM shuts down further speculation, even though the carrier received an official proposal from SM Line a few days ago.
Get full access for you and your coworkers.Start a free company trial today
Already a member? Log in.