South Korean shipowners said their shipments improved in April after working with Maersk and Mediterranean Shipping lines.
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Hyundai Shipping Co., Ltd. (hereinafter referred to as Hyundai merchant marine) said that after the cooperation with the 2M alliance, the company in Asia in April to the United States on the route of freight traffic increased by 67%.
Modern merchant ships carry 17932 TEU of cargo per week, compared with 10733 TEU a week for the same period in 2016.
Shipments to the west coast of Asia grew by 73% year on year, from 7604 teu/ weeks to 13186 teu/ weeks.
Hyundai's market share was fifth, up from eleventh in the same period last year.
Shipments to Asia on the west coast also rose to 7336 teu/ weeks, and Hyundai ranked third in terms of market share.
A modern merchant ship official said: "the volume of shipments of modern merchant ships rose sharply over the previous year, and the company's market share rose."."
"The peak period is approaching, the volume of freight will continue to grow, and we expect the company's profitability will gradually increase."."