HYUNDAI MERCHANT MARINE TO JOIN THE ALLIANCE
Members of THE Alliance, Ocean Network Express (ONE), Hapag-Lloyd, and Yang Ming announced a fourth member, Hyundai Merchant Marine (HMM), a South Korean container liner shipping company to join THE Alliance as a full member.
Through this, the members of THE Alliance have also decided to establish a new cooperation with four members and a term until 2030.
The actions were agreed in Taipei on 19 June 2019. Subject to the necessary regulatory approvals, the new contract between the four lines will start on 1 April 2020.