BoardMarine Accident Investigators Forum in Asia

SubjectAsian Lines to Continue Alliance Hit1616
WriterLee Min Jung Date2006.06.19

Wednesday, 14 June 2006 <br /> <br />The four members of the ‘CKYH Alliance' – China's COSCON, Japan's ‘K' Line, Taiwan's Yang Ming<br> and Korea's Hanjin – have pledged to continue and extend their existing cooperation in the main trades. <br>At their annual summit meeting in Miyazaki, Japan, the four lines agreed to extend CKYH cooperation<br> not only in East-West trades but also to develop it in the North-South, and in any other fields of operation<br> they feel will improve their levels of service. <br /> <br />“In addition to the continuous strong demands from the market in recent years, the shipping industry is <br>facing some obstacles such as extreme bunker price, and increase of various operational costs,” the lines<br> said. “The members agreed to study continuously in order to make CKYH's services the most cost efficient<br> in the industry with further cooperation in terminal operation, regional feeder concept, and any operational <br>conveniences, and to expand capacity in each trade in line with future market growth. As urgent and crucial <br>issue, CKYH also confirmed its necessity to review existing service patterns and rationalize the calling ports<br> especially in Asia-Europe services.”

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