Alphaliner: Another Service Cut from Far East – North America Trade

Image Courtesy: Hapag-Lloyd

This year’s weak market conditions in the Far East – North America transpacific trade have claimed another casualty as the French shipping company CMA CGM, Germany-based Hamburg Süd and United Arab Shipping Company (UASC) decided to withdraw their joint Far East – USEC Vespucci/ APNE/NEU 1 service, according to Alphaliner.

The companies now plan to replace the Transatlantic leg of this pendulum service by a new North Europe-USEC service.

The loop’s final sailing from the Far East is planned from Qingdao on August 3, with the three carriers to offer alternative all-water services through slot arrangements.

The decision on the Far East – USEC service, which came during the traditional summer peak season, marks the withdrawal of the third transpacific service involving CMA CGM and UASC this summer, Alphaliner said. Earlier suspensions included the Ocean 3’s Far East – USEC Manhattan Bridge/AAE 3/AUC-2 and the Far East – USWC Bohai/AAC/AWS-2 services.

CMA CGM earlier abandoned its plans to deploy 17,800 TEU ships on the Asia – US West Coast route and continued operating the 11,300 TEU vessels. Furthermore, the G6 carriers said that the suspension of their Far East – USWC service CC1, implemented in mid-June, would be continued until further notice.

These moves are expected to reduce total weekly capacity on the Asia to North America corridor to 429,000 TEU by September, marking a decline of 4% from the corresponding period of last year, according to Alphaliner.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jan 2017 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

10th annual Border Security Conference

The 2017 conference will possibly be the most relevant and topical event to date as we enter our 10th successive year. With the rise of cross…

read more >

4th Ship Recycling Congress

The two day conference will consist of a number of informative presentations followed by interactive Q&A sessions, panel discussions…

read more >

Maritime Reconnaissance and Surveillance Technology 2017

After last year’s huge success the SMi Group is proud to announce the 2nd Maritime Reconnaissance and Surveillance Technology. The event…

read more >

Euromaritime 2017

The Euromaritime event will take place in Europe for three days. This is one of the major and influential trade events dealing with marine…

read more >