YANGMING CONFIRMS ASIA/SOUTH AFRICA/AMERICA PACT

   Yangming Marine Transport has confirmed that it will switch to a new
joint service provided with Evergreen Line and China Ocean Shipping Co.
between Asia, South Africa and the East Coast of South America.
   Yangming, which had space on the Asia/South Africa/East Coast of South
America service operated by COSCO, will now have 150 TEUs on each ship of the merged COSCO/Evergreen service.
   A spokesman for Yangming in Taipei said that carriers were losing money
on this overtonnaged route, but the restructuring of the services has
reduced capacity.

FreightWaves Staff