Taiwanese Evergreen Marine Corp announced that it will partner with COSCO and China Shipping Container Lines (CSCL) in launching a joint China-Surabaya Express (CSX) Service.
In its 15 May announcement, Evergreen said four 2,000-2,700 teu ships will be deployed for this service; one each provided by Evergreen and CSCL and the remaining two by COSCO.
The maiden voyage is scheduled to depart from Qingdao on 20 May, and the port rotation will be Qingdao, Shanghai, Xiamen, Shekou, Pasir Gudang, Singapore, Surabaya, Singapore, and Qingdao.
This weekly service covers major ports from China in the north to Malaysia and Indonesia in the south, providing regular and convenient links for regional trade and connecting to Evergreen’s global service network via Singapore.
Related news:Evergreen Line to launch VSM service in May
After the ASEAN-China Free Trade Area (ACFTA) was established in 2010, bilateral trade volumes have continued to rise. Data from Chinese customs showed that the country’s import and export trade with ASEAN grew by 8.3% to USD480.4 billion in 2014. In addition, the ASEAN countries have actively negotiated with China, Japan, South Korea, India, Australia, and New Zealand to establish the Regional Comprehensive Economic Partnership (RCEP).
Evergreen believes that this development will further encourage free trade and have the effect of driving cargo growth within the Intra-Asia trade.
The carrier recorded revenue of TWD11.2 billion (USD367 million) for April, down 5.08% year on year (y/y), and the total revenue in the first four months stood at TWD46.5 billion, up 0.79% y/y.