Evergreen, CKYH Alliance Rationalization Plan
Evergreen Line has announced a rationalization plan with the CKYH Alliance (Coscon, "K"LINE, Yang Ming, Hanjin Shipping (117930.KS)) for the U.S. East Coast / Northwest Europe Service.
The new service combines their Evergreen Line's Trans Atlantic string of North Asia-U.S. East Coast-Europe pendulum service (NUE) and the Alliance's existing Trans Atlantic service - loop1 (TAS1) into a new Trans Atlantic Express service (TAE) commencing September 2009.
The new TAE service will operate with four 2,400-TEU vessels with Evergreen Line and the CKYH Alliance each deploying two vessels.
The port rotation is as follows: Antwerp - Bremerhaven - Rotterdam - Le Havre - New York -Norfolk - Charleston - Antwerp.
Evergreen Line and the CKYH Alliance believe this new service rationalization will enable them to provide customers with a more efficient schedule and higher quality service.