Five major container shipping operators will set up an alliance to boost their competitiveness, Xinhua news agency reported Friday. COSCO Container Lines Co. Ltd., Kawasaki Kisen Kaisha Ltd., Yang Ming Marine Transport Corp., Hanjin shipping Co. Ltd. and Evergreen Marine Corp. will launch CKYHE on March 1. CKYHE will jointly operate six shipping lines between Asia and north Europe as well as four Asia-Mediterranean routes from mid-April, the report said.
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