Hyundai targets Asia after failed 2M inclusion

Hyundai Merchant Marine (HMM) is entering a new alliance with the two South Korean carriers Heung-A Shipping and Sinokor on intra-Asian services after recently failing in attempts to be included in the 2M alliance between Maersk Line and MSC.

Photo: Hyundai Merchant Marine

South Korean container carrier Hyundai Merchant Marine (HMM), which was ultimately unsuccessful in attempts to become an alliance partner in 2M with Maersk Line and MSC on the major East-West services, has now entered an agreement with two south Korean carriers for a new alliance on intra-Asian routes, writes HMM in a press release Tuesday.

The new partnership with carriers Heung-A Shipping and Sinokor Merchant Marine will go under the name HMM + K2 consortium. According to plan, the collaboration will take effect this March and cover Asian services between Japan, China, and other parts of southeast and western Asia, while HMM will also gain access to Heung-A Shipping and Sinokor's network on routes including Japan-Korea and Korea-China.

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