Korea Shipping Partnership, a quasi-alliance of all 14 South Korean liner operators, has extended its term by a year, even as its three years of existence failed to improve earnings.
At a meeting between the liner operators and officials from the Ministry of Oceans and Fisheries (MOF) on 28 July, the group was, reportedly, unanimously against renewing the KSP, but MOF, wanted to give it another year.
Wishing to revive the South Korean maritime industry after Hanjin Shipping was declared bankrupt...
https://container-news.com/disappointing-south-korean-liner-alliance-reformed-for-another-year/