TAIWAN's Evergreen Line will join Cosco and China Shipping in a joint China-Surabaya Express (CSX) to meet market demand resulting from trade growth between China and ASEAN countries.
This is Evergreen's latest initiative to enhance its service on the intra-Asian trade, said the company press release.
The CSX service will employ four ships of 2,000-2,700 TEU, including one each provided by Evergreen and CSCL and the remaining two from Cosco.
The first sailing is to depart from Qingdao on May 20, with the following the port rotation: Qingdao, Shanghai, Xiamen-Shenzhen-Shekou, Pasir Gudang (Malaysia), Singapore, Surabaya (Indonesia), Singapore and back to Qingdao.
This weekly service covers major ports from China in the north to Malaysia and Indonesia in the south, providing regular and convenient links for regional trade and connecting to Evergreen's global service network via Singapore.
After the ASEAN-China Free Trade Area (ACFTA) was established in 2010, bilateral trade volumes have continued to rise, said the release.
China customs figures show ASEAN trade grew by 8.3 per cent to US$480.4 billion in 2014. ASEAN members, China, Japan, South Korea, India, Australia and New Zealand have also established the Regional Comprehensive Economic Partnership (RCEP).
It is believed that this development will encourage free trade and have the effect of driving cargo growth within the Intra-Asia trade, the release said.
WORLD SHIPPING
15 May 2015 - 20:06
Evergreen Line launches China-Surabaya Service from May 20
TAIWAN's Evergreen Line will join Cosco and China Shipping in a joint China-Surabaya Express (CSX) to meet market demand resulting from trade growth between China and ASEAN countries.
WORLD SHIPPING
15 May 2015 - 20:06
Evergreen Line launches China-Surabaya Service from May 20
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