Maersk Line Cut Its Market Capacity on South America-Europe Trade

Danish liner giant Maersk Line has cut its overall market capacity by 10 % on the trade between the east coast of South America and Europe and the Mediterranean amid weakening demand.

The company said it has started phasing in smaller vessels of between 4,500 and 6,500 TEU capacity so as to level out the supply and demand changes on the market.

The adjustment of capacity and reefer plugs was initiated as of the 5th of January 2015, with the aim of matching more accurately market demands, the company went on to say.

The said changes are not expected to affect the company’s services already in place on the route.

“We have over a longer period of time seen declining market demand on the popular trade between the east coast of South America and Europe and the Mediterranean. This weakening demand has led to substantial open capacity and resulted in a need to adjust our network to match the changing market forces,” Maersk Line said.

World Maritime News Staff

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2019 >>
MTWTFSS
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 1

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >