HMM expected to part ways with 2M Alliance

Hyundai Dream

Speculative article from Business Korea on what the country’s largest container carrier, Hyundai Merchant Marine (HMM), will do when its current slot purchase and exchange agreement with 2M partners Maersk and MSC expires in 2020. While the 2M originally inked the limited three-year deal with a view to expanding it to full membership of the alliance, depending on HMM’s liquidity position, it is understood that Maersk and MSC were incensed by its order for 20 ULCVs. For its part, HMM has increasingly come to the view that partial membership of 2M has “limited its sales expansion”.