Evergreen introduces new intra-Southeast Asia loop

The dedicated weekly feeder service will connect ports in Vietnam, Singapore and Malaysia.    Ocean carrier Evergreen Line will launch a new intra-Southeast Asia feeder service between Vietnam, Singapore and Malaysia “in light of the increasing capacity demand,” according to a statement from the company.
   Evergreen will operate the weekly Vietnam-Singapore-Malaysia service (VSM) with two containerships with a capacity of 1,164 TEUs. The dedicated feeder loop will commence May 10 from Haiphong.
   The full port rotation of the VSM will be Haiphong, Ho Chi Minh City, Port Klang, Singapore, Tanjung Pelepas, and back to Haiphong.
   Evergreen said that in addition to serving regional cargo needs, the VSM will allow customers to connect to the carrier’s global service network from its transhipment hubs in Singapore and Tanjung Pelepas, Malaysia.
   “Economic forecasts indicate strong momentum of trade growth in this region,” the Taiwanese carrier said in a statement. “According to IMF’s World Economic Outlook report published in April 2015, the ASEAN economy looks set to grow by 5.2 percent and 5.3 percent respectively in 2015 and 2016, surpassing its performance of 4.6 percent last year. Besides, the statistics of Vietnam’s General Statistics Office show that its economic growth reached 6.03 percent in the first quarter of 2015, the highest first quarter performance during the past five years. The positive indicators support expectation of steady cargo growth within intra-Asia trade.”