The Green Alliance – a group of Asian container shipping companies – has agreed to cooperate with Taiwan's Evergreen Marine Corp on Asia-Europe trades from April, reports the Taipei Times.
The alliance, formed in March 2002, comprises Taiwan’s Yang Ming Marine Transport Corp, China's China Ocean Shipping, Japan’s Kawasaki Kisen Kaisha, and South Korea's Hanjin Shipping.
Evergreen said the move would help improve price stability and control transport capacity more efficiently in view of continuous uncertainties in the global economy.
“This cooperation ... is designed to offer customers the best sailing frequency, transit time and service coverage so as to fulfill customers’ needs,” Yang Ming, representing the alliance, said in a statement on Monday.
These bilateral arrangements will be implemented in eight weekly services between Asia and northern Europe, as well as four between Asia and the Mediterranean, a statement said.
Evergreen’s involvement in the weekly Asia-northern Europe services, which offer the highest frequency in the market, would provide attractive transit times from Asia to major European ports, including Rotterdam, Hamburg and Felixstowe, Yang Ming added.