News / HMM joining 2M alliance may not be a done deal after all, post-Hanjin

In the wake of the bankruptcy of South Korea’s Hanjin Shipping, compatriot Hyundai Merchant Marine (HMM) joining the 2M alliance may not be a done deal after all, according to Alphaliner.

HMM was notably excluded from the 13 May announcement of THE Alliance grouping of Hanjin, Hapag-Lloyd (now including UASC), K Line, MOL, NYK and Yang Ming, as it was in the midst of financial restructuring.

But HMM’s creditors demanded the carrier’s inclusion in a major alliance as one of the conditions ...