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HMM Hyundai Merchant Marine : to expand cooperation with FESCO

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04/23/2019 | 08:44pm EDT

HMM to expand cooperation with FESCO

HMM (CEO Jae-hoon Bae) announced that it will expand cooperation with FESCO.

HMM has been jointly operating a China-Korea-Russia weekly service, under the name of 'CRN (China

Russia North Service)' with FESCO and CMA CGM.

With the expansion of cooperation, the current CRN will be reorganized and two of new direct services

connecting Korea and Russia, named 'KR2 (Korea Russia Service 2)' and 'KRS (Korea Russia Service)',

will be introduced in the service network of HMM.

HMM deploys one vessel (1,000 TEU) on the KR2 which directly connects Busan and Vostochny, while

FESCO places one vessel (1,200 TEU) on the KRS, the direct service between Busan and Vladivostok.

The commencement date of respective service is on May 11 for KR2 and on May 14 for KRS.

The current CRN will also change its port rotation to 'Qingdao-Shanghai-Ningbo-Vladivostok (Commercial

Port)-Qingdao' from May 14.

HMM official said, 'HMM expects to provide a faster and more reliable service through increased cooper-

ation with FESCO,' and that, 'Based on those three services, HMM will strengthen its market position in

Russia.'

Disclaimer

HMM - Hyundai Merchant Marine Co. Ltd. published this content on 24 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 April 2019 00:43:03 UTC

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