THE Alliance controls big share of the two main trades

THE Alliance is due to commence operations in April 2017.

The group of five shipping lines (Hapag-Lloyd, K Line, MOL, NYK and Yang Ming) are to be joined by UASC which has signed a merger agreement with Hapag-Lloyd.

They will together control a market share of 28% on the transpacific and of 23% on Asia-Europe, based on Alphaliner projections.