Global containership alliance to sail on without Hanjin
Three leading Japanese containership operators and their partners will likely launch an alliance without Hanjin Shipping, a major South Korean player that went belly up last month, a key Japanese industry source said .
Japan’s Nippon Yusen, Kawasaki Kisen Kaisha and Mitsui O.S.K. Lines, as well as Hanjin, Germany’s Hapag-Lloyd and Taiwan’s Yang Ming Marine Transport, in May announced that they would initiate a container shipping partnership in April 2017. But Hanjin, an affiliate of Korean Air Lines, filed for bankruptcy protection at the Seoul Central District Court in August and suspended all its shipping operations.
To begin global-scale joint operations using each other’s containerships as scheduled, the group, which calls itself “The Alliance,” must work out routes and schedules by the end of the year. But how Hanjin will be rehabilitated still remains unclear.