South Korean state may prefer bigger stake in cash-rich HMM to a sale
The South Korean state could increase its stake in HMM to 72%, as the country’s ...
By Mike Wackett
The incorporation of South Korean carrier HMM into THE Alliance from April next year will see the alliance arena change once more.
According to Alphaliner, HMM’s participation in THE Alliance will add some 519,000 teu of capacity, boosting the vessel?sharing group’s global market share from 25% to 30%, almost matching the 2M and closing the gap on the Ocean Alliance’s just?shy?of-40% dominance.
The consultant said that although alliance members Hapag-Lloyd, ONE and Yang Ming were yet to disclose their revised network plans after the integration, HMM’s twelve 23,000 teu scrubber-fitted newbuilds would almost certainly be deployed ...
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