SEOUL -- South Korean container shipping line Hyundai Merchant Marine said Tuesday it had formed an alliance with two short-haul players in the country, strengthening their competitiveness in Asian routes against global players in the region.
HMM said it signed a memorandum of understanding with Heung-A Shipping and Sinokor Merchant Marine to cooperate on intra-Asian routes, including China and Japan. They agreed to share vessels and exchange slots within the alliance.
