Displaying items by tag: ASIA

The shipping sector might register a new agreement of “vessel sharing agreement” that would see CMA CGM as a key player, which after the “no” of the Chinese Authorities concerning its entrance in the “P3” Alliance, might create a new alliance with the UASC (United Arab Shipping Company) company and the Chinese CSCL (China Shipping Container Line).

Evergreen Marine Corp of Taipei is going to join the CKYH Alliance comprised by the Chinese COSCO Container Lines, the Japanese Kawasaky Kisen Kaisha, the Taiwanese Yang Ming and the South Korean Hanjin.

The Alliance will be renamed CKYHE after the entrance of Evergreen.

The parties have come to an agreement under which the contribution of Evergreen will be restricted to services between Asia and Europe, particularly the Mediterranean.

According to conjectures the new alliance, officially formed in March 2014, will begin operations offering 6 operated services from Asia to North Europe and 4 operated services covering Asia to Mediterranean trade.

After the announce of the building constructions of the Nicaragua Canal and of the consequently answer of the Panama Canal, there was obviously the answer of one of the biggest canals of the world: the Suez Canal.

The Suez Canal it’s an artificial ship canal situated in Egypt westerly to the Sinai Peninsula between Port Said (Bûr Sa'îd) on the Mediterranean Sea and Suez. It allows ships to travel between Europe and Asia without circumnavigating Africa on the sailing route of Cape of Good Hope.