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In the worst-kept secret in container shipping, the CKYH alliance of Cosco, K Line, Yang Ming and Hanjin Shipping is to team up with Taiwan’s Evergreen Line on the Asia to Europe tradelanes to form an enlarged operational grouping to be known as the CKYHE alliance.

Rumours have abounded over the past few weeks that the lines were close to a deal. Indeed, the trade gossip prompted Evergreen to issue a statement yesterday saying it was “continually reviewing its operational options ...

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