SEOUL Oct 5 Hyundai Merchant Marine Co Ltd
(HMM) said on Wednesday it will turn its new
Asia-U.S. route, begun as an alternative for Hanjin Shipping's
services, into a regular weekly service as it hopes
for increased market share.
HMM said in a statement it will utilize five container ships
of capacities between 4,000-6,000 twenty-foot equivalent units
(TEU) in a Shanghai-to-LA shipping route via South Korean ports
starting Oct. 14. It said it hopes to increase its market share
by strengthening its competitive ability on Asia-U.S. routes.
Hanjin Shipping sought court receivership in late August,
stranding $14 billion in cargo and sending waves through global
(Reporting by Joyce Lee; Editing by Tom Hogue)