HMM to join THE Alliance

Carrier will be fourth member – besides Hapag-Lloyd, Ocean Network Express and Yang Ming

The South Korean container liner shipping company Hyundai Merchant Marine (HMM) will join

THE Alliance as a full member. In addition, the members of THE Alliance have also decided to renew

their cooperation and to extend the duration of the partnership for ten years until 2030. The corresponding

documents were endorsed in Taipei in June 19th, 2019. Subject to the necessary regulatory approvals,

the new contract between the four Lines will officially start on April 1st 2020.

“HMM is a great fit for THE Alliance as they will provide a number of new and modern vessels, which

will help us to deliver better quality and be more efficient – and it will help us also to further reduce our

emissions”, says Rolf Habben Jansen, CEO of Hapag-Lloyd.

HMM has ordered twelve 23,000 TEU vessels which will be delivered in the second quarter of 2020.

Additionally, eight 15,000 TEU newbuildings will join HMM´s fleet in the second quarter of 2021.

HMM´s 23,000 TEU newbuildings will be deployed in the Far East – North Europe trade and will further

strengthen THE Alliance´s service portfolio.

“We are very happy to see HMM join THE Alliance, as their membership will allow us to offer enhanced

services to our customers due to a wider port coverage, expansion of our product offerings, more sailing

frequencies and a better balance of our cargo flows”, commented Jeremy Nixon, CEO of Ocean Network

Express.

HMM´s membership will significantly strengthen the competitiveness of THE Alliance towards the other

two alliances – especially on the Trans-Pacific trades.

“HMM joining THE Alliance is an important milestone for THE Alliance as it will help us to provide a

broader service network to the customers and facilitate the advance of the development of THE Alliance

starting from next year”, added Bronson Hsieh, Chairman and CEO of Yang Ming.

Jae-hoon Bae, President and CEO of HMM: “Being a full member of THE Alliance gives us a lot of pride.

We are convinced that we will be successful and generate additional value for our customers, employees

and shareholders with combined experience, strategic skills, competitive fleet and strong focus on our clients´

needs.”

THE Alliance was founded by Hapag-Lloyd, NYK, MOL, “K”Line (which merged to become Ocean

Network Express – ONE) and Yang Ming. It started its cooperation on April 1st 2017.

[Figure 1] From left to right : Jae-hoon Bae (President and CEO of HMM), Rolf Habben Jansen (CEO of

Hapag-Lloyd), Jeremy Nixon (CEO of Ocean Network Express), Bronson Hsieh (Chairman and CEO of

Yang Ming)

 
[Figure 2] From left to right : Bronson Hsieh (Chairman and CEO of Yang Ming), Jae-hoon Bae (President

and CEO of HMM), Seong-hyeok Moon (Minister of Oceans & Fisheries), Rolf Habben Jansen (CEO of

Hapag-Lloyd), Jeremy Nixon (CEO of Ocean Network Express)

[Figure 3] From left to right : Ho-seon Hwang (President of Korea Ocean Business Corporation), Jae-hoon

Bae (President and CEO of HMM), Jeremy Nixon (CEO of Ocean Network Express), Rolf Habben Jansen

(CEO of Hapag-Lloyd), Bronson Hsieh (Chairman and CEO of Yang Ming), Dong Gull Lee (Chairman and

CEO of Korea Development Bank)