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>

<< Jul 2017 >>
MTWTFSS
26 27 28 29 30 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 6

Global Liner Shipping Asia Conference

Fight. Survive. Thrive. Respond to challenges of consolidation & disruption at the largest gathering of container shipping industry in Asia…

read more >

Bunkering Week 2017

IBC’s biennial Bunkering Week is back with its successful series of 3 co-located events: 8th Bunkering in Asia, 4th LNG Bunkering and EMTECH: Ship Emissions Technology Conference. With a proven track record of bringing together top decision makers from various industry sectors, this remains the go to event for ship owners, fuel suppliers, traders and […]

read more >

Indonesia Marine & Offshore Expo (IMOX) 2017

Indonesia Marine & Offshore Expo (IMOX) 2017, Batamis an international maritime and offshore industrial event that brings an international…

read more >

Salvage & Wreck Asia

Could your business be affected by shipwreck? Are you a salvage professional or a wreck removal expert? …

read more >