CKYH (COSCON, "K" LINE, Yang Ming and Hanjin Shipping) Alliance announced that they held 2009 Summit Meeting in JEJU, KOREA on April 9th, 2009.
With senior management 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.
CKYH (COSCON, "K" LINE, Yang Ming and Hanjin Shipping) Alliance announced that they held 2009 Summit Meeting in JEJU, KOREA on April 9th, 2009.
With senior management 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 equipment 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 operational issues and responses to meet customer demand in a timely way and maintain top quality service for their customers.
