News / South Korean carriers SinoKor and Heung-A to merge container operations

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The next round of rationalisation of South Korea’s container shipping sector is under way as carriers SinoKor Merchant Marine and Heung-A Shipping merge their box operations.

The move is part of the government-directed Korea Shipping Partnership, which the country’s maritime companies signed in the aftermath of the Hanjin bankruptcy.

The cooperation will reportedly begin today, with a full operational merger completed by October.

According to Alphaliner data, SinoKor is the world’s 23rd-largest container carrier, with a total capacity of just under 60,000 teu ...