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26 October 2020 The on-line newspaper devoted to the world of transports 22:11 GMT+1

February 13, 2020

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Original news
On April 1, SM Line will take over at HMM cooperation agreement with the 2M alliance

New cartel based on the exchange and purchase of slots

The South Korean shipping company next April SM Line will take over from compatriot Hyundai Merchant Marine (HMM) in the cooperation agreement with the 2M alliance, which is made up of the world's first two companies in the containerized shipping: Denmark's Maersk Line and Mediterranean Shipping Company (MSC). At the end of the third quarter of this year, in fact, the similar agreement will expire currently binding HMM to 2M and is related to maritime links between Asia and the West Coast of the North America.

The parties specified that the new agreement with the SM Line is independent of the vessel sharing agreement that binds Maersk and MSC and that the services of 2M and SM Line will be completed Each other. The agreement between MS Line and 2M will be based on the slot swapping and acquiring loading spaces between the three parties to six trans-Pacific shipping services.

As a result of the agreement SM Line will enter two of its own ships Trans-Pacific Service, carried out with six container named Orient by MSC and TP8 by Maersk Line Qingdao, Shanghai, Ningbo, Busan, Long Beach and Oakland.

SM Line is the group's shipping company South Korean Samra Midas (SM) born at the end of 2016 after MS had begun to acquire assets and assets of the failed Hanjin Shipping.

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