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.


Maritime Reporter October 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Container Ships

US Shipowner Creates Fund for Families of Missing El Faro Crew

The owners of the cargo ship El Faro that sank after it was trapped in the path of Hurricane Joaquin off the Bahamas last week announced the creation of a family

Retailers Well Stocked as Holidays Approach

Import cargo volume at the nation’s major retail container ports is expected to increase 3.3 percent this month over the same time last year as retailers make final

French President Inaugurates CMA CGM’s New Mega Ship

The CMA CGM Bougainville, the largest containership sailing under French flag, was inaugurated Tuesday by French President François Hollande in Le Havre.   Other

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pipelines Port Authority 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: 0.1172 sec (9 req/sec)