Evergreen Line Strengthens Intra-Asia Service Network

Press Release
Tuesday, March 26, 2013

Evergreen Line will launch its new CPM service linking South China, Philippines and East Malaysia in mid-April 2013. In addition to providing regional transportation links for shippers in three countries, the new loop will connect to Evergreen's global service network via Hong Kong.

Two ships of 1,700 TEU will be deployed on the CPM service. The first sailing is planned from Shekou on April 15, 2013. The port rotation of the weekly service will be: Shekou, Hong Kong, Manila, Kota Kinabalu, Bintulu and Shekou.

Regional economic growth forecasts support the view that Evergreen's expansion of its service network with the launch of the CPM is advisable. According to IMF's World Economic Outlook report published in January 2013, ASEAN is forecast to attain economic growth rates of 5.5% in 2013 and 5.7% in 2014.

In addition, the Southeast Asian countries will begin negotiations to establish the Regional Comprehensive Economic Partnership (RCEP) this year together with China, Japan, South Korea, India, Australia and New Zealand. The free trade development that is expected to ensue will further boost cargo growth within the Intra-Asia markets.

www.evergreen-line.com

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Container Ships

Panama Canal: Assessing the Risk & Reward

The Panama Canal’s impact on shipping routes and vessel sizes since it opened in 1914 is undisputed. This will continue with the opening of a third channel for larger vessels in 2016.

New Container Facility at Krishnapatnam Port

Krishnapatnam Port, India's largest all-weather; deep water port on the east-coast of India has inaugurated CONCOR’s - Port Side Container facility – a Government of India undertaking.

DP World's H1 Volumes Rise

Ports operator DP World reported on Tuesday first-half 2016 gross container volumes up 1.2 percent on a like-for-like basis and up 2.5 percent on a reported basis.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Pod Propulsion Port Authority Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | 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: 0.0685 sec (15 req/sec)