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COSCO CUEs up another innovative transpacific service

COSCO CUEs up another innovative transpacific service

Panama City: To catch up with the booming market of Central and South America and provide more competitive service to its customers, COSCON has  launched an independent service CUE that is calling every week Balboa, Panama, with the following port rotation in turn: Shanghai, Ningbo, Hong Kong, Yantian, Lazaro Cardenas, Mexico Balboa and Shanghai. The service was inaugurated July 7 with the arrival of the 2,700teu-M/V COSCO Sydney.

'A total of seven high speed 2,800teu class container ships will be deployed in the new CUE service of COSCON,' said COSCO Panama general manager Capt. Zhang Fucun. 'The service will count with seven vessels which will be augmented to nine in a near future,' he explained. Transit time from the Far East to Central America will be significantly shortened by up to 3-4 days due to the high-speed vessels introduced. The CUE service will provide a congestion-free trade corridor between the Far East and Central/South America by calling Balboa with rail connection to Cristobal. It marks another innovative transpacific offering from COSCON who are currently the only line calling at Canada's Prince Rupert terminal in a service that COSCON claims can link Yokohama with Chicago in just 13 days.  [1/8/08]

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