SM Line

MSC unveils new cooperation and updated Transpacific network

Mediterranean Shipping Company announces that it has made a new cooperation deal with SM Line, beginning on 1 April 2020, when 2M Alliance (an alliance between Maersk Line and MSC) – Hyundai Merchant Marine agreement will not be in effect. 2M-HMM agreement expires at the end of the first quarter of 2020.

MSC says the new cooperation will ensure the continuity of services between Asia and the West Coast of North America, with improved services to the Pacific North West.

The new agreement with SM...

https://container-news.com/msc-unveils-new-cooperation-and-updated-transpacific-network/

MSC And Maersk To Join Hands With SM Line

MSC container ship representation

The cooperation agreement between 2M and Hyundai Merchant Marine expires at the end of the first quarter of 2020.

MSC is pleased to announce that we have made a new cooperation agreement with SM Line, beginning on 1 April 2020, which ensures we will provide continuity of services between Asia and the West Coast of North America, with improved services to the Pacific North West.

The new agreement with SM Line is separate from the 2M Vessel Sharing Agreement between MSC and Maersk, and the services...

https://www.marineinsight.com/shipping-news/msc-and-maersk-to-join-hands-with-sm-line/

SM Line denies merger with HMM

SM Group, a midsized South Korean conglomerate, said Thursday March 14, that it has no plan to merge its shipping line with the country’s leading shipper, Hyundai Merchant Marine Co.

Instead, it will aim for a turnaround this year, and seek to open routes linking to Europe and other regions.

“We don’t have any merger plan with Hyundai Merchant, and the move is unhelpful to both firms,” the group said.

Read more on Yonhap News.

The post SM Line denies merger with HMM appeared first on Container News

https://container-news.com/sm-line-denies-merger-hmm/

Korea pushes HMM and SM Line for merger, reports say

The government is reportedly pushing for a merger between Hyundai Merchant Marine, the top in the shipping industry, and SM Line, the second. The government, which expected SM Line to face a managerial crisis due to the worsening shipping industry, seems to have decided that the integration would be a solution.

However, not only SM Line and Hyundai Merchant Marine but also KDB Bank, Hyundai Merchant Marine’s major shareholder, showed negative opinions. As a result, the integration process is now...

https://container-news.com/korea-pushes-hmm-sm-line-merger/

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