Evergreen, Hanjin Announce Seasonal Capacity Program

Press Release
Friday, October 19, 2012

In response to a seasonal drop in market demand, Evergreen Line and Hanjin Shipping have adjusted capacity for the joint CEM/CUS service effective for the fourth quarter of 2012.
 
Through 13 weeks from October to December, the joint CEM/CUS service is planned to skip three sailings. The first skipped voyage has been implemented in week 41 and the other two are scheduled in week 44 and week 49.
 
The seasonal adjustment will bring a reduction of 23 percent to the service string's quarterly capacity offering. Evergreen Line and Hanjin Shipping will consider further capacity reductions depending on market developments.
 
The CEM (China-Europe-Mediterranean) Service has been one of Evergreen Line's main liner services in the Far East - Europe trade since 1999.Hanjin Shipping joinedthe service and branded it as the CUS (China-UK Express) Service in August this year, after a joint venture with China Shipping expired.


 

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Container Ships

Chevron To Find Buyers for Hawaiian Refinery

Chevron Corp has hired an investment bank to identify potential buyers of its 54,000 barrel-a-day refinery in Kapolei on the Hawaiian island of Oahu, a company official said.

South Carolina Ports Container Volume Up by 13%

SC Ports Authority reported container volumes up 13 percent fiscal year to date, a strong start to the first two months of the fiscal calendar. The SCPA handled 163,

Global Ship Lease to Acquire Containership

Global Ship Lease, Inc. hasĀ  announcedĀ  that it has agreed to acquire a 8,063 TEU containership from a leading container liner company for a purchase price of $55 million.

Logistics

Tropical Storm Polo Threatens Battered Mexican Resort of Los Cabos

Tropical storm Polo barreled nearer on Friday to the Mexican Pacific resort of Los Cabos where thousands of troops were restoring order following widespread

Chevron To Find Buyers for Hawaiian Refinery

Chevron Corp has hired an investment bank to identify potential buyers of its 54,000 barrel-a-day refinery in Kapolei on the Hawaiian island of Oahu, a company official said.

Exxon: U.S. to Allow Wind Down Ops in Russian Arctic

U.S. oil major Exxon Mobil said on Friday the U.S. Treasury Department granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic.

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1088 sec (9 req/sec)