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Hyundai Merchant Marine ties up with two South Korean shipping lines

The deal with Heung-A and Sinokor will allow cooperation on Asian routes

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A model merchant ship at the headquarters of Hyundai Merchant Marine in Seoul   © Reuters

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.

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