A new contingency plan has been developed by the members of THE Alliance, who are taking precautionary measures following Hanjin Shipping’s bankruptcy.
While getting ready for the official launch next month, THE Alliance members announced they will establish an independent trustee “in the unlikely event a member suffers a bankruptcy”.
The trustee will be responsible for managing the funds to continue the alliance’s operations and guarantee that customers’ cargo will reach its final destination.
Hapag-Lloyd,
