News / South Korean container lines set to launch K-Alliance on Asia trades

The post-Hanjin evolution of South Korea’s shipping industry took another step forward last month with the formation of the K-Alliance.

Comprising HMM, SM Line, Pan Ocean and recently merged Sinokor Merchant Marine and Heung-A Line, the alliance will strengthen the carriers’ competitiveness in South-east Asia, according to Korea’s ministry of oceans and fisheries (MOF).

It said the alliance represented about 40% of Korea’s annual container volumes of 480,000 teu with the region, adding that this is a market share that’s under pressure ...