Evergreen launches Vietnam-Singapore-Malaysia service
Evergreen Line will launch its new Vietnam-Singapore-Malaysia service (VSM) this month, in response to the increasing capacity demand. The dedicated feeder loop will utilize two A-type containerships of 1,164 TEU. The first sailing of the weekly service will start from Haiphong on May 10 and call at Ho Chi Minh City, Port Klang, Singapore, Tanjung Pelepas and then back to Haiphong, the shipping company said in a press release.
In addition to providing efficient transportation services within its port coverage, this regional service will also connect to Evergreen's global service network via its transhipment hubs in Singapore and Tanjung Pelepas.
Economic forecasts indicate strong momentum of trade growth in this region. According to IMF's World Economic Outlook report published in April 2015, the ASEAN economy looks set to grow by 5.2% and 5.3% respectively in 2015 and 2016, supassing its performance of 4.6% last year. Besides, the statistics of Vietnam's General Statistics Office show that its economic growth reached 6.03% in the first quarter of 2015, the highest first quarter performance during the past five years. The positive indicators support expectation of steady cargo growth within intra-Asia trade.
Evergreen Marine Corp (EMC) established in September 1968 today ranks among the world's leading international shipping companies with a fleet of over 160 container vessels. With more than 240 service locations, EMC covers more than 80 countries with its shipping network. Evergreen's network includes several east-west routes linking southeast Asia, Hong Kong, Taiwan, Mainland China, Korea and Japan with the east and west coasts of the US. It also provides services from Japan, Korea, Mainland China, Taiwan, Hong Kong and Southeast Asia to Europe and the Mediterranean.
