Evergreen Line to Launch New VSM Link

  • Business & Finance

Taiwanese carrier Evergreen Line plans to launch a new Vietnam-Singapore-Malaysia service (VSM) this month triggered by increasing capacity demand.

The dedicated feeder loop will employ two A-type containerships of 1,164 TEU.

The first sailing of the weekly service is scheduled to start from Haiphong on May 10 and call at Ho Chi Minh City, Port Klang, Singapore, Tanjung Pelepas and then back to Haiphong.

“In addition to providing efficient transportation services within its port coverage, this regional service will also connect to Evergreen’s global service network via its transhipment hubs in Singapore and Tanjung Pelepas,” the liner said.

Evregreen Line expects strong momentum of trade growth in this region based on economic forecasts.

According to IMF’s World Economic Outlook report published in April 2015, the ASEAN economy looks set to grow by 5.2% and 5.3% respectively in 2015 and 2016, supassing its performance of 4.6% last year.

Besides, the statistics of Vietnam’s General Statistics Office show that its economic growth reached 6.03% in the first quarter of 2015, the highest first quarter performance during the past five years.

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