June 13, 2006 -Tokyo, Japan. CKYH Alliance (COSCON, "K" Line, Yang Ming, Hanjin) held annual CKYH Summit Meeting on June 7, 2006 at Miyazaki, Japan with each line's top delegates attending, and re-affirmed to further strengthen CKYH Alliance scheme in various fields to assure CKYH Alliance provide the most competitive service to the customers.
The members agreed to extend CKYH cooperation not only in East-West trades ' optimization but also North-South trades ' development , and in any other fields of operation that will make it possible for CKYH to provide market-oriented services to customers in the world.
In addition to the continuous strong demands from the market in recent years, the shipping industry is facing some obstacles such as extreme bunker price, and increase of various operational costs. The members agreed to study continuously in order to make CKYH's services the most cost efficient in the industry with further cooperation in terminal operation, regional feeder concept, and any operational conveniences, and to expand capacity in each trade in line with future market growth. As urgent and crucial issue, CKYH also confirmed its necessity to review existing service patterns and rationalize the calling ports especially in Asia – Europe services.
ASIA – Europe / Mediterranean Sea
Asia – Europe (7 loops)
Asia – Mediterranean Sea (6 loops)
ASIA – North America
Asia – U.S. West Coast (14 loops)
Asia – U.S. East Coast (5 loops)
Europe / Mediterranean – North America (4 loops)