Independent journal on economy and transport policy
13:18 GMT+1
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the marine companies containerized South Koreans form an alliance
"It is an emblematic action - it has emphasized Young Moo Kim (KSA) - being first of the sort in the history of the Korean marine transport"
August 7, 2017
Tomorrow to Seul fourteen South Korean companies of navigation that operate in the segment of the containerized marine transport will sign a protocol of understanding for the constitution of the Korea Shipping Partnership (KSP) with the scope to increase the competitiveness of the national fleet in this field of activity through the sharing of ships of the respective fleets and relative spaces of cargo, the collaboration for the rationalization of the marine services, the combined broken new activation and in order to assure the optimal conditions for it I use of harbour terminals foreign countries.
The president of the Korea Shipowners' Association (KSA), Youn Jae Lee has announced, specifying that the objective is to give again impulse to national the containerized fleet and credibility to the field of the South Korean marine transport that is hit by the impact negative of the failure at the end last year of Hanjin Shipping.
To the new alliance the main South Korean companies of navigation of the field will participate, between which Hyundai Merchant Marine (HMM), the Korea Marine Transport Co. (KMTC), the SM Line Corporation, the Sinokor Merchant Marine Co. , Heung-A Shipping Co. and the CK Linens Co.
"The constitution of a consortium formed from all the company marine containerized - it has emphasized vice-president of the shipowning association, Young Moo Kim - is an emblematic action being first of the sort in the history of the Korean marine transport".
In the next few months the new South Korean shipowning alliance will define the cooperation modalities and will manage the initiatives to activate to the aim of giving start at the beginning to the operating collaboration of 2018.
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