Peter T. Leach | Apr 19, 2010 10:56AM EDT
In the wake of the annual summit last week of the CKYH Alliance among Cosco, “K” LINE, Yang Ming, and Hanjin Shipping, the carriers’ four CEOs announced they are changing its name to “CKYH, the Green Alliance” to reflect its emphasis on environmental protection.
In an announcement on Monday following the summit in Zhenjiang, China, the lines said they will aim at taking full advantage of regional transshipment hubs, building up extensive feeder networks, extending cooperation to the North-South trades and newly emerging markets, and widening the scope of cooperation to other sections of the transport chain by optimizing the alliance’s resources, including terminals, chassis, intermodal facilities and equipment.
The alliance said its CEOs had also decided at the summit that they will take further measures such as slow-steaming to reduce fuel consumption and carbon emissions as part of their environmental mandate.
The four carriers jointly operate 26 east-west services as part of the alliance on routes between ports in Asia and North America, Europe and the Mediterranean. Of these services, 12 are on the route from North Asia to the West Coast of North America, five to the East Coast of North America, five from North Asia to West and North Europe, three to the Mediterranean and one on the trans-Atlantic between North Europe and the East Coast of North America.
Contact Peter T. Leach at pleach@joc.com.
