Boxship giants Maersk and Mediterranean Shipping Co (MSC) have found a new partner after the defection of South Korean owner HMM.

They have signed a cooperation agreement between Asia and the US with relative newcomer SM Line of South Korea to replace associate member HMM, which is joining THE Alliance grouping of lines from 1 April.

"MSC is pleased to announce that we have made a new cooperation agreement with SM Line, beginning on 1 April 2020, that ensures we will provide continuity of services between Asia and the west coast of...