Shipping Line Hyundai Merchant Marine’s Problems Intensify
Costas Paris Dec. 4, 2018
Financially ailing South Korean container operator set to leave giant shipping alliance as its government-backed owner considers bigger overhaul
South Korean flag carrier Hyundai Merchant Marine Co. is set to leave a powerful shipping alliance that guarantees its ships are used to move cargo across the oceans, complicating its efforts to reverse a slide and compete with much bigger rivals.