CKYHE Alliance files agreement and reports to regulators for expansion of cooperation

The CKYHE Alliance (COSCO, K LINE, Yang Ming, Hanjin Shipping, and Evergreen Line) recently announced that they will expand their cooperation scope to U.S. trades and have filed an agreement and reports with related regulators to comply with their regulations.

Regarding the expansion of cooperation, CKYHE have already submitted a formal letter to the PRC Ministry of Transport (MOT), filed an agreement to cover U.S. trades with the Federal Maritime Commission (FMC), and informed the EU Commission of developments.

In U.S. trades, CKYHE will follow the same pattern of cooperation that the alliance members have successfully used in the Asia/Europe and Mediterranean trades during the past year. This expanded cooperation will provide the carriers with greater operational flexibility and will permit each of them to better serve customers, offering wider port coverage, increased frequency of sailings and stable transit times.

Each line is committed to environment-friendly shipping; a quality valued by many customers.

After the regulators approve the voluntary agreement between the alliance members, their target implementation date for their agreement is spring 2015. 
 

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