MSC to fill in the gaps for Premier Alliance
From February 2024, THE Alliance, which includes Hapag-Lloyd, Nippon Yusen (NYK), Yang Ming, MOL, Kawasaki Kisen Kaisha (K-Line) and Hyundai Merchant Marine (HMM), will become the new organization called Premier Alliance, which consists of ONE, Yang Ming Marine and Hyundai Merchant Marine. comprising ONE, Yang Ming Marine and Hyundai Merchant Marine. Hapag-Lloyd will leave the alliance and join the Gemini Corporation, a partnership with Maersk, which was formed after the dissolution of the 2M alliance between MSC and Maersk.
Mediterranean Shipping Company (MSC), the operator with the world's largest fleet, signed an agreement to assist the Premier Alliance in filling the void on Asia-Europe routes following the withdrawal of Hapag-Lloyd. As a result of MSC's involvement, the Premier Alliance will become a significant, albeit initially smaller, player.