Container shipping lines on the transpacific trade this week continued to announce capacity cuts in response to the US-China trade war.
Following last week’s news that both the 2M and The Alliance groupings would suspend a service each this summer, the latter announced this week it would also withdraw its PSW4 loop at the end of August.
The service deploys six COSCO vessels with an average of 10,000 teu capacity and has a port …
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Source: The Loadstar
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