New Shipping Alliance To Include Major Asian And European Carriers

The deal involves Japan's Nippon Yusen Kabushiki Kaisha, Kawasaki Kisen Kaisha Ltd. and Mitsui O.S.K. Lines Ltd.; Germany’s Hapag-Lloyd AG; South Korea’s Hanjin Shipping Co. and Hyundai Merchant Marine Co.; and Taiwan’s Yang Ming Marine Transport Corp.

The Wall Street Journal
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A new alliance involving some of the biggest Asian and European container-shipping operators will be unveiled by Friday, closing a circle of new partnerships that will dominate the movement of global cargo, two people involved in the matter said, according to The Wall Street Journal.

“The new alliance will include most or all of the global carriers left out of the two other groupings already announced,” one of the people said. “Anyone left out in the cold will have to concentrate on smaller, regional trades.”

The vessel-sharing deal is expected to involve the Japanese trio of Nippon Yusen Kabushiki Kaisha, Kawasaki Kisen Kaisha Ltd. and Mitsui O.S.K. Lines Ltd.; Germany’s Hapag-Lloyd AG; South Korea’s Hanjin Shipping Co. and Hyundai Merchant Marine Co.; and Taiwan’s Yang Ming Marine Transport Corp.

“The carriers have been in talks over their alliance plans with U.S., Chinese and European regulators and an announcement is expected by Friday,” the second person said.

U.S. Maritime Commissioner William Doyle said this week that a new alliance is in the works, but declined to give details.

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