:NYK and Hapag-Lloyd say

Hanjin turmoil will have 'limited' impact on The Alliance

NIPPON Yusen Kaisha and Hapag-Lloyd have broken their silence after future container alliance partner Hanjin Shipping filed for court receivership, saying the South Korean carrier’s downfall would have “limited” impact on The Alliance.

News ID: 68629

Date: 03 September 2016 - 16:34

According to MANA, Established in May to counter another two alliances — 2M with Hyundai Merchant Marine and Ocean Alliance — The Alliance consists of Hanjin, Hapag-Lloyd, NYK, Mitsui OSK Lines, K Line and Yang Ming. It is scheduled to begin a 10-year vessel-sharing agreement from next April.
The first member of The Alliance to comment on how Hanjin’s turmoil will affect the future agreement, NYK, told Lloyd’s List in an email: “The impact on The Alliance is limited as the new alliance is due to start operations only next April.”
Hapag-Lloyd issued the same statement a little later.
However, not all agree with the Japanese carrier’s assessment