EVERGREEN AND COSCO DISCUSS ASIA/AFRICA/SOUTH AMERICA VSA

EVERGREEN AND COSCO DISCUSS ASIA/AFRICA/SOUTH AMERICA VSA

   Evergreen Line and China Ocean Shipping Co. are discussing a vessel-sharing agreement in the trade between Asia, South Africa and the East Coast of South America.
   A spokesman for Evergreen said that the talks are advanced, but no final
decision has been made.
   If it is confirmed, the vessel-sharing agreement would be the first
cooperation agreement between Evergreen and COSCO.
   Evergreen already operates a 10-ship service between Asia, South Africa
and the East Coast of South America with ships of up to 2,728-TEU capacity.
   COSCO and Yangming currently operate a separate service in the same trade. A spokesman for Yangming said that the line would probably take space on a future COSCO/Evergreen service.

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