SM Line Needs New Friends for Trans-Pacific Aspirations — Panjiva
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SM Line Needs New Friends for Trans-Pacific Aspirations

Corp - Shipping 1025 Mode - Containerized 1523 Mode - Seaborne 1845 South Korea 605 Theme - Alliances 99 U.S. 5398

South Korean container-line SM Line plans to extend its trans-Pacific services following a rejection of joint plans by Hyundai Merchant Marine. SM Line shipped 189,000 TEUs of U.S. inbound freight in 2017, only partly replacing the 1.07 million TEUs previously handled by Hanjin Shipping. The challenge is that it faces larger shippers and significant alliances already operating trans-Pacific routes. It was the 15th largest shipper in the fourth quarter, with 52% of shipments from South Korea and the remainder from China. One option would be to tie up with a big alliance. More likely thoug...

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