Maersk raises surcharges as Red Sea risk expands and costs mount
Last week, Houthi chief Abdul Malik Al-Houthi said there would be a stepping-up of operations ...
From the Korea Times comes this analysis of the speculation that Hyundai’s bid to join the 2M shipping alliance of Maersk and MSC is a prelude to a takeover of the South Korean carrier by Maersk. This theory was first postulated by Drewry, but has been strongly rejected by a government that has worked so hard to save the company from bankruptcy. “The government wouldn’t have struggled this much for restructuring if we wanted to sell HMM abroad. I believe Maersk and MSC expect HMM to play a role under the 2M alliance structure in the Asia-America route,” ocean and fishery minister Kim Young-suk told the newspaper.
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