COSCON, Evergreen and Hapag-Lloyd consolidate existing Red Sea Services

In order to cope with the rising demand for space in Red Sea market, COSCON has recently teamed up with Evergreen and Hapag-Lloyd to launch a new service. Under the agreement, the three parties are going to merge the existing two Red Sea services, the Far East - Red Sea (FRS) service and the Strait - Red Sea Express (SRX) service, into a single new FRS service linking China and South East Asia with the Red Sea.

The new FRS service is expected to commence at the beginning of November 2005, total six vessels of 2700 TEU capacity will be deployed by partners running a weekly service with a turnaround 42 days.

The port rotation is designed as follows:

Nansha(Sun-Mon) - Hong Kong(Mon-Tue) - Shekou(Tue-Wed)- Singapore(Sun) - Tanjung Pelepas(Sun-Mon) - Aden(Wed)- Jeddah(Fri-Sat) - Aqaba (Mon-Tue)- Sokhna Port( Egypt, Wed-Thu) - Singapore(Wed) - Nansha(Sun-Mon)