HMM outside 2M could destabilise container market
South Korea’s HMM is on a mission to join the major players by increasing its containership capacity to 1m teu. But if it is forced to go it alone, it may be undercut prices in order to secure cargoes, destabilising the whole market
HMM’s strategic cooperation agreement with the 2M will end in April 2020, raising questions of how the carrier will fill its recently ordered ships
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