THE Alliance members have filed an amended version of their vessel-sharing agreement (VSA), to incorporate new member HMM, with the US Federal Maritime Commission (FMC), according to Alphaliner.
It will also include provision for an increase in its $50m contingency fund from a significant financial commitment from the South Korean carrier.
HMM will join THE Alliance on 1 April next year, after its slot charter agreement with the 2M Alliance comes to an end.
Until then it is purchasing Asia...