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

Container Ships

Hapag-Lloyd Enhances Conosur Service

Hapag-Lloyd has informed about its service enhancements on the Conosur Service (South America West Coast to South America East Coast). This is being upgraded by

Adani Ports Income Up by 15%

Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and part of Adani Group, today announced the financial results for the quarter

Shipping Corporation Q3 Profit Surges

The Shipping Corporation of India (SCI) declared its unaudited financial results for the quarter ended 31st December 2015 posting a net profit of Rs. 59.66 crores as against a net profit of Rs.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.0968 sec (10 req/sec)