Fecha: 20/07/2019
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HMM to join The Alliance

Dear Valued Customers,

We are pleased to announce that Hyundai Merchant Marine will have a new beginning with “THE Alliance” as a full member from April 2020. The m embers of THE Alliance have also decided to establish a new cooperation with four members and a term until 2030. The actions were agreed in Taipei on 19 June 2019. Subject to the necessary regulatory approvals, the new contract between the four lines will start on 1 April 2020.

In an initiative aimed at stronger capability and leverage in the global shipping market, we will organize closer coopera tive relationship with new part n e rs, that is, Hapag Lloyd, Yang Ming, and Ocean Network Express ( ONE )). HMM’s pa rticipation in ‘THE Alliance’ will enable the whole members to enjoy win win strategy working out a further development of higher quality service a nd sales power.

HMM has ordered twelve 23,000 TEU vessels which will be delivered in the second quarter of 2 020. Additionally, eight 15,000 TEU new buildings will join HMM´s fleet in the second quarter of 2021. HMM´s 23,000 TEU new buildings will be deployed in the Far East North Europe trade and will further strengthen THE Alliance´s service portfolio.

HMM´s membership will significantly strengthen the competitiveness of THE Alliance towards the other two alliances. Being a full member of THE Alliance gives us a lot of pride. We are convinced that we will be successful and generate additional value for our customers, employees and shareholders with combined experience, strategic skills, competitive fleet and strong focus on our clients´ needs.”

Thank you.

Yours Sincerely,
Hyundai Merchant Marine Co., Ltd

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