Analysis: Korean carriers caught in container trap

The two largest Korean container carriers are increasing their exposure to the container market. But this happens at a time when the two carriers do not have the financial resources to compete for real in a tough market, notes Alphaliner.

Photo: Hanjin

Korea's two largest container players, Hanjin Shipping and Hyundai Merchant Marine (HMM), is the midst of divesting their so-called non-liner assets, namely activities outside the core container business. The two carriers are thus increasing their exposure to a historically low container market that is characterized by rock-bottom rates, sliding demand and significant overcapacity.

And the Korean container carriers could hardly have picked a word time to open themselves further to the container market, according to analyst agency Alphaliner.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs