News / Pledge to boost HMM box fleet to help 'weakened' THEA stay competitive

With less than a year before Hapag-Lloyd leaves THE Alliance to form the Gemini Cooperation with Maersk, the remaining carriers are moving to expand their fleets.

South Korea president Yoon Suk-yeol said yesterday $4bn would be pledged to bring the country’s container shipping fleet to 2m teu by 2030 – a strategy understood to be focused on national flagship line and THEA member HMM.

At the opening of South Korea’s first fully automated container terminal, Pier ...