Latest news from Heavy Lift & Project Forwarding International Magazine

AAL and HMM link up

AAL and Hyundai Merchant Marine (HMM) are set to launch a joint Far East - Middle East multipurpose liner service.

The service is part of a global cooperation agreement that will see both carriers expand their trade route coverage, sailings frequency, and MPV fleet capacity, and also see the expansion of HMM's services portfolio via the global tramp solutions and semi-liner services provided by AAL.

Served by five multipurpose vessels, including four 30,100 dwt 640-class vessels from HMM and one 31,000 dwt A-Class vessels from AAL, the new service will sail on a bi-monthly schedule. Both carriers will remain independent and promote the expanded services under their own respective brands. The new service will connect the Asian markets of China, Korea, Japan, Indonesia and Singapore with the Middle East via both the Middle East Gulf and Red Sea routes.

Namir Khanbabi, chartering and operations director of AAL, explained: "By pooling our resources with HMM, we can each offer more comprehensive service portfolios with improved frequency, capacity, coverage and economies of scale for our customers. There will be no collaboration on pricing and we will each pursue bookings under our own respective brands, with separate commercial teams and bills of lading.

"The intention is to expand the service to six vessels, with an additional A-Class vessel by 2019. As more global projects become active in 2018 and multipurpose cargo volumes rise - as has been widely forecasted - we aim to be in pole position to competitively service this demand, whatever the cargo and wherever the destination."

HMM is also expanding its portfolio with a range of global tramp solutions and semi-liner services - connecting the Americas, Europe, Middle East and Asia - operated by AAL.

Seung-il Park, general manager of HMM, added: "There are no immediate plans for a more expanded cooperation but, should there be meaningful opportunities to generate further value for our respective customers through an expanded collaboration, this will be thoroughly reviewed as and when."

AAL says the agreement with HMM does not impact its existing Asia - East Coast Australia liner service, nor its space sharing cooperation with Swire Shipping on that trade route, which was established in 2015, as HLPFI reported here.

www.aalshipping.com

www.hmm21.com

Heavy Lift | News

Keith joins dship fleet thumbnail image

Keith joins dship fleet

September 18 - dship Carriers has taken delivery of its latest newbuild multipurpose vessel.
Views: 170
ABC and CLA go online thumbnail image

ABC and CLA go online

September 18 - Bookings for capacity on AirBridgeCargo (ABC) and CargoLogicAir (CLA) flights can now be completed via the cargo.one digital platform.
Views: 204
Zeaborn forms JV with MPC thumbnail image

Zeaborn forms JV with MPC

September 18 - Zeaborn Group has formed a joint venture with MPC Capital Group to handle the chartering and commercial management of a fleet of more than 160 container and bulk carriers.
Views: 253
DHL strengthens network in Middle East and Africa thumbnail image

DHL strengthens network in Middle East and Africa

September 18 - DHL Industrial Projects is opening a centre of excellence (COE) in Dubai as well as offices in Egypt, Ethiopia, Kenya and Turkey to coordinate complex logistics projects in the Middle East and Africa.
Views: 288

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.