2019-07-08 10:27

HMM to join THE Alliance



Carrier will be fourth member - besides Hapag-Lloyd, Ocean Network Express (ONE) and Yang Ming. The South Korean container liner shipping company Hyundai Merchant Marine (HMM) will join THE Alliance as a full member. 

Through this, the members of THE Alliance have also decided to establish a new cooperation with four members and a term until 2030. The actions were agreed in Taipei on 19 June 2019. Subject to the necessary regulatory approvals, the new contract between the four lines will start on 1 April 2020. HMM is a great fit for THE Alliance as they will provide a number of new and modern vessels, which will help us to deliver better quality and be more efficient - and it will help us also to further reduce our emissions, says Rolf Habben Jansen, CEO of Hapag-Lloyd. 

HMM has ordered twelve 23,000 TEU vessels which will be delivered in the second quarter of 2020. Additionally, eight 15,000 TEU newbuildings will join HMM fleet in the second quarter of 2021. 

HMM 23,000 TEU newbuildings will be deployed in the Far East - North Europe trade and will further strengthen THE Alliance service portfolio. HMM membership will significantly strengthen the competitiveness of THE Alliance towards the other two alliances. Jae-hoon Bae, President and CEO of HMM: being a full member of THE Alliance gives us a lot of pride. 

We are convinced that we will be successful and generate additional value for our customers, employees and shareholders with combined experience, strategic skills, competitive fleet and strong focus on our clients - needs. 

< Korea Shipping Gazette >

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