COSCO has started a new service from Yueyang, a city by the Yangtze River in Hunan province, to Vietnam and Thailand on 2 May.
The 150-teu box ship COSCO 01 commenced its voyage from Yueyang, and is expected to arrive in Vietnam on 21 May, unloading 50 teu of chemical products, and to Thailand on 24 May, unloading 40 teu of chemical products and paper.
There will be two regular voyages every week under this new service, stated the local government. Compared with the past transfer services, COSCO’s new service would save a week’s time from Yueyang to Vietnam and Thailand, accelerating the trade between Hunan province and ASEAN countries.
The rotation of this new service will be Yueyang, Shanghai, Ho Chi Minh, and Bangkok. Two 200-teu box ships will be deployed from the section from Yueyang to Shanghai and three 800-teu box ships will be deployed for the section from Shanghai to Ho Chi Minh and Bangkok.
Driven by the ‘One Belt, One Road’ policy, the new service will focus on the exports of rubber and chemical products, ceramic tiles, and paper produced in Hunan province to ASEAN countries, and will import rice and fodder from these countries.