Friday, 04 August 2017 11:18

South Korea's carriers to form partnership

470 Hyundai

South Korea’s 14 container carriers are expected to sign a memorandum of understanding next Tuesday to establish the Korea Shipping Partnership (KSP).  All 14 container carriers including the largest Hyundai Merchant Marine and newcomer SM Line will sign a memorandum of understanding (MoU) to create the Korea Shipping Partnership (KSP) shipping consortium next Tuesday. It will be the first time for Korea’s entire shippers to come together under a single club.   The KSP will establish operational guidelines by the end of the year, and aims to launch full-fledged operations in January.

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