CHO YANG LEAVES U.S./BRAZIL TRADE

   Cho Yang Shipping is pulling out of the U.S. East Coast/East Coast of South America trade.
    The last sailing on the South American route for the Korean shipping line leaves the U.S. this week.
    Cho Yang cited increasingly heavy container repositioning costs as one reason for the termination of the service. Lower southbound volumes and an increase in northbound traffic have widened the trade imbalance, a Cho Yang executive said.
    Hanjin Shipping, DSR-Senator, Zim Israel Navigation and Pan-American Independent Line, the vessel-sharing partners of Cho Yang on this route, will continue the joint six-ship service.
    From the U.S., Cho Yang will now provide only east/west services, as part of the United Alliance with Hanjin, DSR-Senator and UASC.
    Cho Yang’s move is the latest in a series of withdrawals by carriers in the very competitive U.S./East Coast of South America trade. Di Gregorio, the Brazilian line, pulled out of the trade earlier this year, following the ending of the services of Transroll and Navieras.