In Depth: HMM: Nothing Has Been Decided Yet on 2M Alliance(marine crane manufacturer;offshore crane manufacturer)

- Dec 07, 2018-

hmm-750x500The three containership companies inked a strategic cooperation deal in March 2017, which has a length of three years with an extension option. The deal includes a series of slot exchanges and slot purchases on East-West routes, as well as Maersk Line and MSC taking over a number of charters and operations of vessels currently chartered to HMM.

Industry analysts, cited by Business Korea, believe the carriers are likely to part their ways once the deal expires in April 2020, describing the cooperation as disadvantageous to HMM as the company is not a fully-fledged member of the alliance.

Alphaliner said earlier that the deal would limit the South Korean container carrier’s ability to grow in the future, especially since the company could not become full member as originally sought.

What is more, 2M liners allegedly criticized HMM’s recent ordering spree, Business Korea reported, which the company believes is crucial in its rehabilitation process and regaining of competitiveness in the market.

Responding to media reports, HMM spokesperson said that a decision on the matter is yet to be made and that the company maintains a good relationship with 2M.

Last week the company defended its strategy to order 20 ships, saying it was fully confident it would fill up the newly ordered mega containerships due to its improved financial stability and recovered customer trust.

The twenty scrubber-fitted ships, ordered in September this year, include twelve 23,000 TEU and eight 15,000 TEU boxships, which are expected to be ready for deployment in 2020.

HMM added it was confident in attaining 7% market share in East-West trades by 2021.

(marine crane manufacturer;offshore crane manufacturer)


Product DescriptionOUCO-6T10M-Straight-Boom-Deck-Marine-Crane

The stiff boom cranes can be delivered within a broad range of certifications and numerous optional features. Stiff boom cranes, the boom type is fixed, are typically used in dock, on fixed installations and in harbor conditions with its stability. OUCO Marine/Offshore Stiff boom cranes are with low cost, easy operation and high efficiency on different working conditions.

Product Feature

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  • Diesel hydraulic drive

(marine crane manufacturer;offshore crane manufacturer)