New alliance formed but Hyundai excluded
As expected, a new shipping alliance has been formed today featuring most of the carriers not involved in either 2M and the Ocean Alliance but surprisingly, Hyundai Merchant Marine (HMM) is not a member.
Named “THE Alliance”, it features Hanjin, Hapag-Lloyd, ‘K’ Line, Mitsui O.S.K. Lines (MOL), Nippon Yusen Kaisha (NYK) Line and Yang Ming.
The grouping will cover all East-West trade lanes namely, AsiaEurope/Mediterranean, Asia-North America West Coast, Asia-North America East Coast, Transatlantic and Asia-Middle East/Persian Gulf/Red Sea.
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