"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.
by SØREN PICO
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.
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