Five Shipping Companies Enter into Individual Cooperation Agreements on Asia-Europe Trades
Cosco, “K” Line, Yang Ming, Hanjin and Evergreen Line have agreed to initiate individual cooperative arrangements on Asia-Europe trades starting from April 2012 as announced last December.
This cooperation between the four CKYH Lines and Evergreen Line is designed to offer customers best sailing frequency, transit time and service coverage so as to fulfill customers’ needs.
These bilateral arrangements will be implemented in 8 weekly services for Asia – North Europe and 4 for Asia – Mediterranean including direct services for Asia – Adriatic regions calling Rijeka, Koper and Trieste.
Especially, weekly services for Asia – North Europe, which in fact, offer the highest frequency in the market, will also provide very attractive transit times from Asia to major European ports including Rotterdam, Hamburg and Felixstowe (i.e. 26-27 days from Shanghai/Ningbo and 23-24 days from Yantian).
The majority of the fleet operated in these total twelve loops will be ranging from 8,000TEU to 13,000TEU size.
Source: COSCON, March 12, 2012