HMM in talks to join 2M alliance
South Korea’s shipping line Hyundai Merchant Marine (HMM) has reportedly announced that it is in talks to join the 2M alliance.
The shipping line, which has been financially struggling for several years, entered negotiations to join the alliance comprising shipping giants Maersk and the Mediterranean Shipping Company (MSC), the Wall Street Journal (WSJ) reported.
HMM was recently unexpectedly left out of the newly-created “THE Alliance”, which was established in May 2016 and feature HMM’s South Korean competitor Hanjin, Hapag-Lloyd, ‘K’ Line, Mitsui O.S.K. Lines (MOL), Nippon Yusen Kaisha (NYK) Line and Yang Ming.
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