The Pacific looks set to become the new battleground for container carriers in 2017 in a price war dominated by the three major alliances, 2M, Ocean Alliance, and The Alliance.
Smaller non-alliance carriers in particular, such as South Korea's Hyundai Merchant Marine (HMM) and Israeli Zim, could intensify competition on the routes between the Far East and North America, thus undermining the major carriers' attempts to increase the freight rates when the annual contract negotiations begin in May 2017, projects Alphaliner.
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