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...
VSAs
Shippers should be ‘careful what they wish for’ on block exemption regulations
Shippers should think twice about lobbying the EU to lift the block exemption regulation (BER) for liner shipping, it was claimed yesterday.
Wading into the recent war of words between shippers and carriers, speakers at the TOC Asia Container Supply Chain conference in Singapore suggested removing the BER would yield no benefit to cargo owners.
“There was a lot of heated discussions at the recent OECD meeting in Paris,” revealed Sea-Intelligence chief …
The post Shippers should be ‘careful what...