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HMM denies plans to partner with competitor

There is no new partnership on the way between South Korea's SM Line and Hyundai Merchant Marine, stresses a spokesperson from HMM to a media.

Photo: Hyundai Merchant Marine

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.

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