HMM will join THE Alliance

Photo: Hyundai Merchant Marine

If granted the necessary regulatory approvals, the Korean container shipping line will become as of 1 April 2020 the fourth member of the alliance set up by Hapag-Lloyd, ONE, and Yang Ming.

By Q2 2020, Hyundai Merchant Marine (HMM) will have received twelve 23k TEUs-big box carriers, which will be then deployed within THE Alliance's Far East-North Europe trade lane. In addition, the carrier will grow with eight brand-new 15k TEUs of carrying capacity vessels, scheduled for commissioning in Q2 2021.

Previously, HMM tried to become a full member of the 2M alliance formed by Maersk and MSC.