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HMM in talks to join 2M alliance

Financially-strapped Hyundai Merchant Marine (HMM) says it is in talks to join the 2M alliance with Maersk Line and MSC.

Marcus Hand, Editor

June 23, 2016

1 Min Read
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The surprise announcement was made on Thursday by the South Korean container line, which is implementing restructuring measures imposed by its creditors including that it join a global container shipping alliance.

“We have been in talks with 2M and in negotiations,” HMM said.

The South Korean line had been expected to join the currently six line grouping The Alliance which is due to start operations in April 2017.

The Alliance comprising - Hanjin Shipping, Hapag Lloyd, K Line, MOL, NYK and Yang Ming – was announced following the move to establish the Ocean Alliance by CMA CGM, Coscon, Evergreen and OOCL, effectively splitting the existing CYKHE and the G6 alliances.

HMM was initially left out in the cold, but said in mid-May it was “certain” to join The Alliance.

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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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