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June 23, 2016

 
Dear Valued Customer,

 

 
We are writing to update you on the present progress of joining an alliance.

 

 

HMM commences discussion for Joining ‘2M’ VSA

 

 
HMM recently commenced discussions to join the 2M VSA formed by Maersk Line and Mediterranean Shipping Co.(MSC), two of the world’s largest shipping companies.

 

 
While continuing its discussions to join THE Alliance, HMM has also been reaching out to the 2M to join the group as well. The 2M recently indicated its positive intentions towards HMM and therefore the discussion between the shipping companies is taking place.

 

 
On the basis of HMM joining the VSA, the 2M carriers and HMM would be ideal partners. We can work together to create a great synergy for the VSA by supplementing each company’s operations.

 

 
The 2M is a leading shipping alliance comprised of the world’s 1st and 2nd container carriers. A potential cooperation with 2M will allow HMM to reduce costs, strengthen its service competitiveness and, achieve operational efficiencies together with the 2M VSA network.
For the 2M carriers, a partnership with HMM can provide major benefits such as reinforcing the alliance’s service competency in Asia and improving network cover in the Trans-Pacific area by utilizing HMM’s current routes.

 

 
HMM will do it’s very utmost to provide our valued customers with a strong service as a new member of the 2M alliance from April next year. That will include signing a vessel sharing contract and establishing a strategy to co-manage the vessel fleet.

 

 
HMM will continue providing required services as a member of ‘G6’ until March 2017 Under the standing contract, the G6 Alliance, of which HMM is a member, will continue operating until March 2017 with no change in its structure. That means that there will not be any changes regarding HMM’s business and operation over the coming nine months.

 

 
Dear Customers, all HMM employees are putting all our efforts to update you with further news as soon as available. In the meantime, we thank you for your unwavering support and
understanding.
Sincerely yours,
Paik Hoon Lee
CEO
Hyundai Merchant Marine Co., Ltd.

 

 

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