Hyundai Merchant Marine (HMM) has signed on the dotted line to cooperate with Maersk Line and MSC's 2M alliance.
A formal ceremony was held on Thursday to launch what it called the 2M+H Strategic Cooperation boxship agreement.
The restructured Korean owner said it expects to save on costs and boost its competitiveness in East-West trades through the deal.
The cooperation includes slot exchanges on Asia-US west coast runs and slot purchases for Asia to the US east coast, northern Europe and Mediterranean loops.
HMM
