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Hanjin Shipping
“THE Alliance Progress Update -for Hanjin Customer”
Dear ValuedCustomers,
As announced on May 13th, Hanjin Shipping, together with Hapag-Lloyd, NYK, MOL, K-Line and Yang Ming have come together to form ‘THE Alliance’ as of April 1st 2017, and will be working to provide joint services with main focus on the major East-West trades such as Asia-Europe/Mediterranean, Asia-N.America and Transatlantic trades.
As part ofthe follow-up on this major decision, Hanjin Shipping and its alliance partners held a ‘THE Alliance’ Intensive Meeting in Singapore for two days(May 26th-27th), and discussed agendas such as the structure of the future alliance, operation system, setting up joint network from 2017 onwards, and progress of filing of the new alliance with competition authorities.
Hanjin Shipping and its alliance partners will continue to study in order to provide the most efficient Network to its customers without fail under the operation of the new ‘THE Alliance.’
Regarding filing of the alliance with the relevant competition authorities, filing with Malaysia government has been completed as of end of May. Filing with other major Asian countries such as Korea, China and Japan will be finalized within June, and filing with the FMC of the U.S. will be finalized by end of September.
Hanjin Shipping continues to make efforts to cooperate closely with ‘THE Alliance’ members in order to obtain low-cost networks with better service frequency, faster transit-time, increased reliability and other synergies through joint vessel operation.Container Weight Verification
Along with its efforts to ensure the smooth takeoff of ‘THE Alliance,’ Hanjin Shipping will continue to work to improve its financial situation, and will strive to achieve business stabilization as soon as possible, through service enhancementand the trust of our valued customers.
Moo-KyoonOh
Chief Executive,
Container Liner Sales & Marketing Division
Hanjin Shipping Co., Ltd.
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