’s role in container shipping markets and add to the already widespread overcapacity in the Europe-to-Asia trade loop. South Korean container operator Hyundai Merchant Marine (HMM) is reportedly set to exit the 2 M shipping alliance, run by the world's two biggest operators, HMM Moeller-Maersk and Mediterranean Shipping . the Korea Development Bank has run up losses of $ 2.25bn over 2018 , while its 2018 liabilities stand at KRW2.5tn ($ 2.25bn ). Insiders said the firm is pondering either joining the Ocean Alliance or merging with smaller South Korean operator SM Line . HMM 's main shareholder, the Korea Development Bank , warned if the company does not improve its fortunes, top executives, including CEO Yoo Chang-keun , will be replaced.
South Korean container operator Hyundai Merchant Marine (HMM) is reportedly set to exit the 2 M shipping alliance, run by the world's two biggest operators, HMM Moeller-Maersk and Mediterranean Shipping . the Korea Development Bank has run up losses of $ 2.25bn over 2018 , while its 2018 liabilities stand at KRW2.5tn ($ 2.25bn ). Insiders said the firm is pondering either joining the Ocean Alliance or merging with smaller South Korean operator SM Line . HMM 's main shareholder, the Korea Development Bank , warned if the company does not improve its fortunes, top executives, including CEO Yoo Chang-keun , will be replaced.