Evergreen has signed a slot exchange agreement with
Zim Israel Navigation Co, effective end of August 2002. The agreement
will see Evergreen enhance significantly its Mediterranean network
and increase service frequency on the important Far East-Mediterranean
trade lane. In particular, it will provide Evergreen with direct service
links between Asia and Israel, Greece and Slovenia for the first time.
Evergreen will achieve this by taking slots on Zim's
weekly AMP service.
On the westbound leg, the agreement covers the ports
of Pusan (Korea), Shanghai (China), Shekou (China), Hong Kong, Singapore
and Colombo (Sri Lanka) plus Haifa (Israel), Koper (Slovenia), Venice
(Italy), Trieste (Italy) and Piraeus (Greece). The first sailing under
this agreement will be from Pusan on 28 August.
The eastbound service provides links between Koper,
Venice, Trieste, Piraeus and Haifa and Colombo, Singapore, Shekou,
Hong Kong, Yantian (China), Shanghai and Pusan. The first eastbound
AMP sailing to operate under the new agreement will depart Koper on
In return, Evergreen will provide Zim with an identical
number of slots on its FEM service linking Asia and the Mediterranean.
Westbound, Zim will benefit from Evergreen's comprehensive weekly
service gaining slots on sailings between Kaohsiung (Taiwan), Hong
Kong, and Colombo (Sri Lanka) and Taranto (Italy), Genoa (Italy),
Fos (France), Barcelona (Spain), Valencia (Spain) and Trieste (Italy).
The first sailing under the slot exchange agreement will be Evergreen's
30 August 2002 westbound FEM sailing from Kaohsiung.
Eastbound, Evergreen will provide slots linking Taranto,
Genoa, Fos, Barcelona and Valencia to Colombo, Kaohsiung and Hong
Kong. The first eastbound sailing is scheduled for 1 September out
Commenting on this latest development, an Evergreen
"Evergreen is a big believer in the benefits
of slot-sharing arrangements and joint services. We expect both Evergreen
and Zim to see significantly improved service coverage and more efficiently
utilised capacity on the crucial Far East-Mediterranean trade route
as a result of this slot exchange agreement. Moreover, we expect the
agreement with Zim to further positively impact on Evergreen's performance
in terms of operating costs."