SEOUL, KOREA - The G6 Alliance to which Hyundai Merchant Marine belongs said it would expand its service to the Asia-North America east coast route beginning this May. The G6 Alliance is the world's largest shipping alliance with APL, Hapag-Lloyd, Hyundai Merchant Marine, MOL, Nippon Yusen Kaisha, and Orient Overseas Container Line.
Following the grand alliance for the Asia-Europe route last year, the G6 members has decided to pool their services for routes linking Asia with the east coast of North America, as part of overcoming the recession through cost saving.
To that end, the G6 Alliance will create a fleet consisting of 50 ships, 30 ports, and six routes. Three routes out of six will pass through the Suez Canal while the remaining three will use the Panama Canal. A Hyundai Merchant Marine official said, "Until now, we have served the U.S. East Coast route with three ships. But now the number of ships serving the same route will double."
*Article provided by The Korea Economic Daily
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