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HMM joins THE Alliance

With HMM onboard THE Alliance will have four top 10 carriers.

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HMM joins THE Alliance

THE Alliance members have announced that HMM will join Hapag-Lloyd, Ocean Network Express (ONE) and Yang Ming as the fourth member, starting in 2020 and running 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,” the carriers said.

 

After HMM finalised slot sharing arrangements with the 2M carriers in 2016 it was expected in some quarters that the Korean carrier would become the third member of 2M, after Maersk and MSC. Speculation continued as the Korean Government assisted HMM to strengthen its balance sheet and then order a series of new ships. HMM announced its intention to amass a fleet of over 1M TEU, but membership in 2M never transpired. HMM had made no secret of the fact that it wanted to be in one of the three large alliances, and has found a home with The Alliance.

 

“HMM is a great fit for THE Alliance as they will provide a number of new and modern vessels, which will help us to deliver better quality and be more efficient – and it will help us also to further reduce our emissions,” said Rolf Habben Jansen, CEO of Hapag-Lloyd.

 

“HMM has ordered twelve 23,000 TEU vessels which will be delivered in the second quarter of 2020. Additionally, eight 15,000 TEU newbuildings will join HMM ́s fleet in the second quarter of 2021. HMM ́s 23,000 TEU newbuildings will be deployed in the Far East – North Europe trade and will further strengthen THE Alliance ́s service portfolio,” the carriers added.

 

“We are very happy to see HMM join THE Alliance, as their membership will allow us to offer enhanced services to our customers due to a wider port coverage, expansion of our product offerings, more sailing frequencies and a better balance of our cargo flows,” commented Jeremy Nixon, CEO of Ocean Network Express.

 

With HMM onboard, The Alliance considers it will be better placed to compete with the 2M and Ocean Alliance. “HMM joining THE Alliance is an important milestone for THE Alliance as it will help us to provide a broader service network to the customers and facilitate the advance of the development of THE Alliance starting from next year,” added Bronson Hsieh, Chairman and CEO of Yang Ming.

 

Jae-hoon Bae, President and CEO of HMM conculded: “Being a full member of THE Alliance gives us a lot of pride. We are convinced that we will be successful and generate additional value for our customers, employees and shareholders with combined experience, strategic skills, competitive fleet and strong focus on our clients ́ needs.”

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