HMM sets up consortium to run Asia-WCSA service

HMM sets up consortium to run Asia-WCSA service

Hyundai Merchant Marine.

Hyundai Merchant Marine has been South Korea’s flagship container carrier since the bankruptcy of Hanjin Shipping in February 2017. Photo credit: Shutterstock.


South Korean liner operator Hyundai Merchant Marine announced on Feb. 8 that it had set up a consortium with Mediterranean Shipping Co., Hapag-Lloyd, and Ocean Network Express (ONE) to launch joint services between Asia and the west coast of South America.
 
ONE, which commences operations in April, is the merged container operation of Japan’s “big three” shipping lines: MOL, NYK Line, and “K” Line.
 
HMM has been South Korea’s flagship container carrier since the bankruptcy of Hanjin Shipping in February 2017.
 
Previously, HMM operated three Asia–South America services with MSC, CMA CGM, Hamburg Süd, Hapag-Lloyd, APL, and China Shipping Container Lines, which has since merged with Cosco.
 
The newly reorganized Asia–South America service will connect South Korea, China, Japan, and Taiwan with the west coasts of Mexico, Peru, Chile, and Colombia through three loops starting at the beginning of April. 
 
“HMM will provide reliable Asia–west coast of South America [WCSA] services with competitive transit time and on-time performance,” HMM said.
 
“Based on this joint service, HMM expects to consolidate its position in the Far Asia–[WCSA] market with [its] high growth potential, and HMM will do its utmost to optimise profitability through the services.”
 
The service will call at Keelung, Taiwan; Hong Kong; Shekou, Yantian, Qingdao, Shanghai, and Ningbo, China; Yokohama, Japan; Busan, South Korea; Manzanillo and Lázaro Cárdenas, Mexico; Callao, Peru; and Iquique, Antofagasta/Puerto Angamos, Valparaíso, and Coronel, Chile, among others.

Contact Xiaolin Zeng.

version of this story also appeared in Fairplay, a sister product of IHS Markit.