SM Line reaches out to HMM on the transpacific

SM Line reaches out to HMM on the transpacific

South Korea’s SM Line is seeking to partner with compatriot Hyundai Merchant Marine (HMM) on the transpacific.

SM Line, which launched in the past 12 months and has grown dramatically, has outlined plans to launch two new transpacific services in the first half of 2018, with one string to the Pacific Northwest (PNW) and one string to the US East Coast. SM Line already has one transpacific service.

SM Line also revealed that it is seeking various partnership arrangements, including a potential cooperation with HMM to mount joint services on the transpacific route under a pan-Korean partnership. HMM, however, is in an alliance with 2M, the pairing of Maersk and MSC, on the main east-west tradelanes.

A host of Korean carriers came together earlier this year to operate on the intra-Asia trades. In the wake of the demise of Hanjin Shipping at the start of the year, the Korean government has been keen to seek greater consolidation among the nation’s shipping lines.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

Related Posts