2M partners Maersk and MSC are to suspend one headhaul Asia-North Europe loop and one Asia-Mediterranean loop for the entire second quarter as the liner industry struggles to manage an avalanche of cancelled bookings.
Following last week’s blanking of the North Europe AE1/Shogun service and the AE20/Dragon loop to Mediterranean ports, on Friday evening Maersk and MSC signalled the start of “emergency capacity management action”.
The 2M will now completely withdraw its …

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Source: The Loadstar