Hyundai MM’s Unsurprising Withdrawal From The Atlantic — Panjiva
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Supply Chain Research

Hyundai MM’s Unsurprising Withdrawal From The Atlantic

Corp - Shipping 976 European Union 826 Mode - Containerized 1468 Mode - Seaborne 1801 Theme - Alliances 97 U.S. 5317

Hyundai Merchant Marine may withdraw from its slot-sharing arrangement with the 2M Alliance on Europe-North America lines. That’s not surprising for two reasons. Firstly the company is rationalizing its operations after facing a decline in profitability. Second the container-line has seen a steady decline in volumes on Europe-to-U.S. lanes, with volumes in the three months to April 30 having fallen by 37% on a year earlier.

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