HANJIN AND “K” LINE COOPERATE IN ASIA/EUROPE AND ASIA/U.S. EAST COAST TRADES

HANJIN AND “K” LINE COOPERATE IN ASIA/EUROPE AND ASIA/U.S. EAST COAST TRADES

HANJIN AND “K” LINE COOPERATE IN ASIA/EUROPE AND ASIA/U.S. EAST COAST TRADES

   From March, “K” Line and Hanjin Shipping will commence slot charter arrangements in both the Asia/Europe and Asia/U.S. East Coast trades.
   In the Asia/Europe trade, “K” Line will start taking space from Hanjin on the CEX service as of March 18. The CEX service utilizes nine vessels with an average capacity of about 3,100-TEUs and calls Hamburg, Rotterdam, Felixstowe, Singapore, Hong Kong, Xingang, Qingdao, Shanghai, Hong Kong, Singapore, Hamburg, Rotterdam and Felixstowe.
   Other carriers involved in the joint CEX service are Cho Yang, Senator Lines and United Arab Shipping Co., as part of the United Alliance, as well as Chinese government-owned Sinotrans.
   In turn, Hanjin will charter slots from “K” Line on the Japan Express Service from March 21, when the vessel Brooklyn Bridge arrives at Kobe. The JES service uses eight ships with average capacity of about 3,800-TEU and calls Rotterdam, Felixstowe, Bremerhaven, Le Havre, Port Said, Singapore, Hong Kong, Kobe, Nagoya, Tokyo, Yantian, Hong Kong, Singapore, Port Said, Rotterdam, Felixstowe, Bremerhaven and Le Havre.
   Other carriers on the JES service are “K” Line’s alliance partners, China Ocean Shipping Co. and Yangming Marine, along with France’s CMA CGM.
   In a further development, “K” Line will start taking slots from Hanjin in the Asia/U.S. East Coast leg of the United Alliance’s All-Water Pendulum service as of March 31.
   Hanjin’s All-Water Pendulum service employs 13 ships of about 2,700-TEU capacity, with a rotation of Yantian, Hong Kong, Kaohsiung, Busan, Manzanillo (Mexico), Manzanillo (Panama), Savannah, Norfolk, New York, European ports, New York, Norfolk, Savannah, Manzanillo (Panama), Manzanillo (Mexico), Long Beach, Busan and Yantian.
   “K” Line announced that there would be no changes to its current services in the Asia/U.S. East Coast trade.