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Major container carriers join forces in new consortia

Top players in the container industry are organizing themselves in a new consortium between Asia and Latin America, following Maersk Line's acquisition of Hamburg Süd.

Photo: Hyundai Merchant Marine

A new collaboration among some of the largest carriers operating between Asia and South America's west coast will launch operations in early April this year.

Participants in the collaboration include Hapag-Lloyd, MSC, the new Japanese container merger Ocean Network Express (ONE) and South Korea's Hyundai Merchant Marine (HMM), and the venture is a response to the significant changes that Maersk's acquisition of Hamburg Süd will bring on services to and from Latin America – a continent which, after the acquisition, becomes Maersk Line's single biggest tradelane.

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