South Korean Container Carriers Unite

Image Courtesy: HMM

South Korean container carriers have joined forces to form a cooperation body named Korea Shipping Partnership aimed at strengthening the country’s shipping industry.

The move comes amid overall stagnation of the South Korean shipping market which has had its reputation marred following the collapse of Hanjin Shipping.

The 14 national carriers, including Hyundai Merchant Marine (HMM) and SM Line, launched a cooperation council in order to overcome the crisis jointly and seek new business opportunities in the market.

Among the measures being sought are route rationalization, the opening of new joint routes, fleet expansion cooperation, partnerships on joint services at international terminals along with consultation on the reduction of operating costs all with the objective of boosting the competitiveness of the nation’s container carrier sector.

As informed by the Korea Shipowners’ Association, the consortium plans to form operational rules by the end of the year and start operations as of next year.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2017 >>
MTWTFSS
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

Maritime Reconnaissance and Surveillance Technology

Over the past few years, maritime intelligence gathering and ISR capabilities have returned to the forefront of the defence industry…

read more >

BWMTech

Clarify regulations. Plan BWMS integration. Prevent operational failure…

read more >

Mega Cargo Show 2018

The focus of the event is to bring all connected with cargo fraternity on a single platform…

read more >

Vietship 2018

Vietship is the largest and longest established exhibition in Vietnam featuring all aspect of Shipbuilding, Shipping and Offshore Technology.

Since its first event in 2002, Vietship has become the convergence and platform of advanced technologies regional and worldwide in shipbuilding and ship repair, marine equipment, waterway transportation and services, marine and offshore engineering.

After 16 years of eight consecutive editions, Vietship has affirm itself as an important event in enhancing cooperation and development, attracting investments, exchanging technology and creating ideal opportunities for trade promotion in the international maritime industry.

More info

read more >