South Korean liner company Hyundai Merchant Marine (HMM) abandons container traffic on the Atlantic and will stop purchasing slots on Maersk Line and MSC's ships, reports Alphaliner in its newsletter Wednesday.
HMM has a strategic partnership in place with the two liner companies in the 2M alliance, and the company will thus lose its status as a global carrier following its exit from the Atlantic. Alphaliner defines a global carrier as one that operates on the three main trades, East-West combined with other routes.
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