User ID
Password

 

 

HMM puts $25 M into THE Alliance ¡®Contingency Fund?
Source
American Shipper
Post Date
03/31/2020

The partner carriers of THE Alliance have increased total contributions to their Contingency Fund, a cash reserve to be used in case of a member shipping line insolvency, from $50 M to $75 M.

The extra money was deposited by HMM which will be joining the alliance from 1 April.

HMM¡¯s $25 M contribution will be the largest among the four THEA partners, with other members¡¯ shares slightly revised as follows: Ź ONE : $23.298 M (from $23.684 M), Ź Hapag-Lloyd : $16.253 M (from $15.886 M) Ź Yang Ming : $10.449 M (from $10.430 M)

The amount of contingency contribution is reviewed by THE Alliance¡¯s member lines each year, starting on 1 April


Title
Source
Post Date
Visit
US container import tariffs averaging 21%, says Maers.. American Shipper 07/03/2025
47
More Auto Parts Could be Subject to Section 232 Tarif.. American Shipper 07/03/2025
47
Ocean Transportation Intermediary Licenses Revoked.. American Shipper 07/03/2025
49
Trump announces Vietnam trade deal, 20% tariff on its.. American Shipper 07/03/2025
51
Announces Tariff AgreementWith Vietnam July 2, 2025.. American Shipper 07/03/2025
48
GeminiCooperation adds calls on two Asia-USWC loops .. American Shipper 06/27/2025
87
Court Affirms False Claims Act Penalty Against Impor.. American Shipper 06/27/2025
102
Amazon Tells Thousands of Employees to Relocate or Re.. American Shipper 06/23/2025
144
Tariffs, deminimis changes spark air cargo capacity s.. American Shipper 06/18/2025
194
Lowes makes one of its largest everbillion-dollar acq.. American Shipper 06/18/2025
178
Page : 1   2   3   4   5        [Next 5 Page]  Last Page : 77 ( 1 of 77  Total Pages )

 

 

 

Brilliant Group Logistics INC.
159 N. Central Ave. Valley stream, NY 11580
Tel : (516) 599-2406 Fax : (516) 599-0528