Despite the move last week by the 2M alliance to withdraw one of its transpacific loops, ocean carriers are failing to keep capacity in check, according to latest analysis by Alphaliner.
Faced with falling utilisation levels on vessels sailing from Asia to the US west coast, MSC and Maersk Line announced the immediate suspension of their joint Eagle/TP1 service, removing 9.5% of the 2M’s total weekly capacity on the tradelane.
MSC blamed the “challenging …
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Source: The Loadstar
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