Cosco “K” Line, Yang Ming, Hanjin and Evergreen have agreed in principle to establish a shipping alliance. To be operational only on the trades between Asia and Europe, including the Mediterranean region, it will be called the CKYHE Alliance.
Targeted to begin on March 1, 2014 subject to compliance with the relevant regulations, the new alliance will commence operations mid April with six joint services operating between Asia and Northern Europe and four loops dedicated to the Asia-Mediterranean route.
CKYHE members have agreed to continuously review services on the Asia-Northern Europe and Asia-Mediterranean trades in order to optimise their efficiency and enhance their service quality in terms of network coverage. The lines believe that customers will benefit from better transit times and service frequency.