News / HMM sees opportunities in Hapag-Lloyd’s exit from THE Alliance

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HMM CEO Kim Kyung-Bae believes Hapag-Lloyd’s departure from THE Alliance will be a big opportunity for South Korea’s flagship carrier to expand.

Hapag-Lloyd will leave THE Alliance to form the Gemini Cooperation with Maersk Line next February, leaving ONE, HMM and Yang Ming as THE Alliance’s surviving members.

Mr Kim said HMM would select an external consultancy to devise a mid- to long-term strategy for the expected business expansion.

And on the speculation that HMM could work with its compatriot container carriers, he ...