CKYH Alliance to hold 2009 Summit Meeting

CKYH (COSCON, “K” LINE, Yang Ming, and Hanjin Shipping) Alliance announced that they held 2009 Summit Meeting in JEJU, KOREA last Thursday, April, 9th. 
With the senior management staff of each line present, the Alliance members shared concerns and ideas on market prospects as well as on how to overcome the current crisis in the shipping industry.  They all agreed that the key to survival lies in providing the customers with distinguished services, which requires even stronger cooperation among the partner carriers. 
In this regard, the Alliance members discussed various strategies covering 1) rationalization of the existing East-West trades, 2) expansion in the North-South trades and niche markets, 3) utilization of assets such as ships, terminals, etc., 4) cost-saving by common EQ management, feeder network and contract with 3rd parties, etc. 
CKYH Alliance adds that they are planning on holding regular consultations between the top management of each partner carrier to discuss operatinal issues and responses to meet customer demand in a timely way and maintain top quality service for their customers.  
Summary of CKYH service loops as of April, 2009 (East / West trades only)
 
-          Asia - Trans Pacific Trade
-           Asia - North America West Coast Service: 12 loops
-           Asia - North America East Coast Service: 5 loops
 
-          Asia - North Europe / Mediterranean Trade
-           Asia - North Europe service: 5 loops
-           Asia - Mediterranean service: 3 loops
 
-          Trans - Atlantic Trade: 1 loop

Source: Transportweekly