Hyundai Merchant Marine and the other 13 South Korean shipping lines will form the “Korea Shipping Partnership” alliance. It appears to be a traditional shipping alliance, though full details on routes to be shared and coordination have yet to emerge – they may do so when KSP is formally launched on August 8. It is due to begin operations later this year. Panjiva analysis shows KSP will have access to at least 537,900 TEU of owned, chartered and ordered capacity. That is equivalent to eighth place in global shipping once the current round of M&A in the sector is completed. A full merger ...