News / Tradelane rivalry may scupper partnership of 14 Korean shipping lines, warns analyst

Yesterday’s partnership agreement between 14 South Korean shipping lines falls far short of the consolidation needed to bring them significant benefits, according to Alphaliner.

The Korean Shipping Partnership (KSP) was announced by the Korea Shipowners’ Association (KSA) and is supported by the Ministry of Maritime Affairs and Fisheries.

The companies are Hyundai Merchant Marine (HMM), CK Line, Dongjin Shipping, Doowoo Shipping, Dong Young Shipping, Hansung Line, Heueng-A Shipping, KMTC, Namsung Shipping, Pan Continental Shipping, Pan Ocean, Sinokor Shipping, SM Line and Taiyoung Shipping.

It is part ...