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Ocean Cargo Sector Consolidation Continues as HMM Joins The Alliance

The consolidation of the ocean freight sector continues, as Hyundai Merchant Marine (HMM), a South Korean container liner shipping company, has joined The Alliance conglomeration of cargo carriers. HMM combines forces with Alliance members Ocean Network Express (ONE), Hapag-Lloyd and Yang Ming, which have also decided to establish a new cooperation agreement through 2030. The…

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