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

Container Ships

Container Ship Runs Aground at Fremantle Port

A ship that ran aground at Fremantle Port early Saturday has been refloated. The 62,000-tonne Denmark-registered container ship Maersk Garonne became stuck in soft sand about 500m off South Mole.

Jinhui Shipping Plummets to Loss

Norway listed dry bulk shipper Jinhui Shipping said the tough market that owners faced last year will become tougher in 2015.   Dry bulk shipping market Environment

Berenberg in $1.1bln Box Bid

The world's second-oldest bank Joh. Berenberg Gossler & Co. KG is lining up a new fund worth EUR 1bn ($1.1bn) for the containership sector.   A report appeared

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Offshore Oil Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar 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: 0.1184 sec (8 req/sec)