SEOUL, March 16 (Korea Bizwire) – Hyundai Merchant Marine Co., a major shipping line in South Korea, said Thursday that it has signed a deal for strategic cooperation with a global shipping alliance, paving the way for the company to better compete with rivals. In December last year, Hyundai Merchant agreed with Maersk Line, Mediterranean [...]
SEOUL, Feb. 28 (Korea Bizwire) – Hyundai Merchant Marine Co., a major South Korean shipping line, and two local shipping firms Tuesday forged an alliance, a move apparently aimed at overcoming the downturn hurting the entire industry. Under the strategic alliance, dubbed HMM+K2, they will share ships under a code-sharing scheme, as well as separate [...]
BUSAN, Dec. 23 (Korea Bizwire) – A recent analysis has forecasted that the reshuffling of global container shipping alliances planned for April 2017 will lead to an additional drop in the volume of transshipment cargo at the Port of Busan – Korea’s largest port – adding to its troubles stemming from the Hanjin Shipping crisis. [...]