Evergreen to Launch Yangon Feeder Service - MGN News

Evergreen to Launch Yangon Feeder Service

News Release Evergreen Shipping Agency (America) Corporation August 17, 2012

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<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><SPAN><STRONG>Jersey City,
NJ</STRONG> (Aug. 15, 2012)--In response to
<SPAN>increas</SPAN></SPAN><SPAN>ing</SPAN><SPAN> <SPAN>market</SPAN>
<SPAN>demand</SPAN> <SPAN>for</SPAN> </SPAN><SPAN>feeder space</SPAN><SPAN>,
<SPAN>Evergreen</SPAN> </SPAN><SPAN>Line will commence</SPAN><SPAN>
<SPAN>the</SPAN> </SPAN><SPAN>new </SPAN><SPAN>Straits<SPAN>-Yangon
(Myanmar)</SPAN> </SPAN><SPAN>s</SPAN><SPAN>ervice</SPAN><SPAN>
(</SPAN><SPAN>referred to as</SPAN><SPAN> <SPAN>SYS</SPAN>)</SPAN><SPAN> from
late August. Evergreen will exchange space with</SPAN><SPAN> <SPAN>Advance
Container Lines</SPAN></SPAN><SPAN> (ACL)</SPAN><SPAN> <SPAN>in
</SPAN></SPAN><SPAN>its </SPAN><SPAN>Yangon </SPAN><SPAN>routes to increase the
frequency of feeder connections</SPAN><SPAN>.</SPAN></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><SPAN><BR><SPAN>Evergreen</SPAN>
</SPAN><SPAN>Line</SPAN><SPAN> <SPAN>will </SPAN></SPAN><SPAN>deploy the
1,164</SPAN><SPAN> TEU </SPAN><SPAN>Ever Able to </SPAN><SPAN>the
SYS</SPAN><SPAN> <SPAN>route</SPAN></SPAN><SPAN>. </SPAN><SPAN>The first sailing
is scheduled to depart from Singapore on</SPAN><SPAN> August <SPAN>21st</SPAN>,
</SPAN><SPAN>which serves the rotation of</SPAN><SPAN>
S</SPAN><SPAN>ingapore</SPAN><SPAN> - </SPAN><SPAN>Yangon</SPAN><SPAN>-
</SPAN><SPAN>Port <SPAN>Klang - </SPAN></SPAN><SPAN>Singapore</SPAN><SPAN>
in</SPAN><SPAN> about</SPAN><SPAN> <SPAN>11-12</SPAN> <SPAN>days</SPAN> transit
time.</SPAN></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><SPAN><BR><SPAN>Evergreen</SPAN>
<SPAN>will also </SPAN></SPAN><SPAN>conduct slot exchange with
</SPAN><SPAN>ACL</SPAN><SPAN> on its</SPAN><SPAN> <SPAN>Yangon</SPAN>
<SPAN>route</SPAN></SPAN><SPAN>s</SPAN><SPAN> <SPAN>(YGS),</SPAN>
<SPAN>cruis</SPAN></SPAN><SPAN>ing</SPAN><SPAN> <SPAN>a</SPAN>
</SPAN><SPAN>round </SPAN><SPAN>voyage</SPAN><SPAN> <SPAN>of about</SPAN>
<SPAN>10-12</SPAN> <SPAN>days</SPAN></SPAN><SPAN>. The</SPAN><SPAN>
<SPAN>port</SPAN> </SPAN><SPAN>rotations</SPAN><SPAN> are</SPAN><SPAN>
<SPAN>as</SPAN> <SPAN>follows</SPAN>:</SPAN></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><SPAN><BR>YGS1: <SPAN>Singapore
</SPAN></SPAN><SPAN>- Y</SPAN><SPAN>angon </SPAN><SPAN>- </SPAN><SPAN>Port
<SPAN>Klang </SPAN></SPAN><SPAN>-
</SPAN><SPAN>Singapore</SPAN><SPAN>.</SPAN></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><SPAN>YGS2:
<SPAN>Singapore</SPAN></SPAN><SPAN> -</SPAN><SPAN> Yangon</SPAN><SPAN>
-</SPAN><SPAN> Singapore</SPAN><SPAN>.</SPAN></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><SPAN></SPAN> </P>
<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><SPAN> </SPAN><SPAN>According
to </SPAN><SPAN>Evergreen </SPAN><SPAN>Line, </SPAN><SPAN>Myanmar</SPAN><SPAN>
ha</SPAN><SPAN>s </SPAN><SPAN>the advantage of </SPAN><SPAN>reasonably priced
</SPAN><SPAN>labor</SPAN><SPAN> and </SPAN><SPAN>is endowed with
</SPAN><SPAN>abundant natural</SPAN><SPAN> <SPAN>resources</SPAN></SPAN><SPAN>.
In addition, recent political and economic reforms have attracted significant
amounts of foreign investment to the country</SPAN><SPAN>,
</SPAN><SPAN>enhancing its potential for</SPAN><SPAN> <SPAN>long-term
</SPAN></SPAN><SPAN>economic growth</SPAN><SPAN>. <SPAN>Evergreen</SPAN>
<SPAN>will continue</SPAN> <SPAN>to</SPAN> <SPAN>monitor market development
trends</SPAN></SPAN><SPAN> and </SPAN><SPAN>remains</SPAN><SPAN>
<SPAN>committed</SPAN> <SPAN>to</SPAN> <SPAN>meet customer</SPAN>
</SPAN><SPAN>demand</SPAN><SPAN> with </SPAN><SPAN>quality
service</SPAN><SPAN>.</SPAN></P></DIV></BODY></HTML>