Denmark: Final talks to enter 2M Alliance started by Hyundai

07.12.2016

Denmark: Final talks to enter 2M Alliance started by Hyundai
Yonhap News Agency (in English), 07 Dec 2016, online:-
South Korean shipping line Hyundai Merchant Marine (Hyundai) has begun its final talks to become a member of 2M Alliance in Copenhagen, Denmark with results probably be revealed over 10-11 December 2016 at the earliest. If successful, Hyundai will be able to act as a member of the biggest shipping association in the world beginning in April 2017 and its attempts to remain afloat amid massive debt will be bolstered. Besides that, Hyundai plans to acquire major assets from Hanjin Shipping. It is likely that a consortium led by Hyundai will be selected as preferred bidder for a port terminal in the US owned by Hanjin Shipping as SM Group has dropped its status as the preferred bidder for said port terminal.
©M-Brain
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