Pulse, a business news site in South Korea, is reporting that Seoul is now looking at getting the nation’s smaller box carriers to form an alliance in the wake of the collapse of Hanjin Shipping.
While Hyundai Merchant Marine (HMM) is being positioned by government to become South Korea’s flagship shipping line, a host of others are being cajoled to form Team Korea, a new alliance, focused primarily on intra-Asia routes.
The government is speaking with Korea Marine Transport Co, Sinokor Merchant Marine and Heung-A Shipping about this new alliance, a move that has been commended by both the Korea Shipowners’ Association (KSA) and the Korea Maritime Institute (KMI).
