"This should not necessarily be seen as a defensive move by Hyundai"

With the container alliance HMM + K2 Consortium, Hyundai Merchant Marine is signaling that the company eyes opportunities for growth in intra-Asia rather than on the large trade routes, says Lars Jensen from Seaintelligence consulting.

Photo: Hyundai Merchant Marine

The new alliance formed between Hyundai Merchant Marine (HMM) and the two South Korean carriers Heung-A Shipping and Sinokor indicates that HMM now increasingly sees growth opportunities on the closer Asian markets than on the large trade routes, notes Lars Jensen, CEO and partner in Seaintelligence Consulting, commenting on a press release from HMM Tuesday, announcing the alliance.

This should not necessarily be seen as a defensive move by Hyundai, now that it missed out in the way it did with 2M"

Lars Jensen, CEO, Seaintelligence Consulting

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

Reefer rates to peak in fall season, followed by slow decline

Rates on refrigerated containers, or reefers, have increased by 50% in the second quarter compared to the same period in 2021, with growth set to continue in the third quarter. 2023, however, will see rates slowly declining, forecasts consultancy Drewry.

Further reading

Related articles

Latest news

See all jobs