THE Alliance formally adopts HMM as a new member and boosts ‘contingency fund’

THE Alliance members have filed an amended version of their vessel-sharing agreement (VSA), to incorporate new member HMM, with the US Federal Maritime Commission (FMC), according to Alphaliner. 
It will also include provision for an increase in its $50m contingency fund from a significant financial commitment from the South Korean carrier. 
HMM will join THE Alliance on 1 April next year, after its slot charter agreement with the 2M Alliance comes to an end. 
Until then it is purchasing Asia to North …

The post THE Alliance formally adopts HMM as a new member and boosts ‘contingency fund’ appeared first on The Loadstar.

Source: The Loadstar

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