South Korea is now again trying to make the country's container lines which operate regionally in Southeast Asia combine their activities. Behind the initiative is the country's Ministry of Ocean and Fisheries, and so far five of the shipping lines support the idea.
These are HMM, SM Line, Sinokor Merchant Marine, Pan Ocean and Heung A Line, and they have signed a basis agreement to create the so-called K Alliance, as the venture will be named for now, says HMM in a statement to ShippingWatch.
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