Evergreen Inbound at Savannah
Evergreen Line will commence a first inbound at the port of Savannah in its Asia-US East Coast commencing January 2009. The move is being made to meet the needs of the growing retail distribution center development in the Georgia port area. Commencing with the sailing from Yantian, China of the 4,211 TEU vessel, 'Ever Diadem 0453-081E', on January 10, 2009 the weekly service will employ the following rotation: Yantian－ Hong Kong － Kaohsiung － Colon － Savannah - New York － Baltimore － Colon －Yantian The existing rotation calls New York, Baltimore and Savannah in the US. The change will reduce transit times inbound from the Asia by six days to Savannah. The transit time from the last Asia port, Kaohsiung, to the first American destination, Savannah, will be just 22 days.
Taiwan Invites Stake in China Shipbuilding
The Taiwan Government is inviting bids for a majority stake in China Shipbuilding Corp, the island’s biggest shipbuilder, to help the company become more competitive and raise funds for public spending, according to a Bloomburg report. The Government aims to sell a stake of between 51 per cent and 66 per cent in the company, the shipbuilder said in a statement published in Taipei’s Commercial Times. The stake offered includes three billion new shares. The planned sale will release the company from policies and regulations that have constrained state-run companies, China Shipbuilding said in the prospectus to investors. Reducing state ownership to less than 50 per cent frees companies from having lawmakers review their budgets and from the Government’s management control.
