HMM move will reshape the shipping alliance landscape again

The incorporation of South Korean carrier HMM into THE Alliance from April next year will see the alliance arena change once more. 
According to Alphaliner, HMM’s participation in THE Alliance will add some 519,000 teu of capacity, boosting the vessel–sharing group’s global market share from 25% to 30%, almost matching the 2M and closing the gap on the Ocean Alliance’s just–shy–of-40% dominance. 
The consultant said that although alliance members Hapag-Lloyd, ONE and Yang Ming were yet to disclose their revised network plans …

The post HMM move will reshape the shipping alliance landscape again appeared first on The Loadstar.

Source: The Loadstar

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