Carriers hope price hikes will hold as spot rates fall in CNY doldrums
Despite the muted trading activity since China’s new year holiday began this week, spot rates ...
By Mike Wackett
To improve schedule reliability, 2M partners Maersk and MSC are to avoid congested US west coast ports with two transpacific pendulum services.
From this week, the AE1/Shogun and AE6/Lion loops from Asia will turn in North Europe instead of going on to the US.
And to “facilitate the network adjustments”, the 2M said it would blank next week’s AE55/Griffin sailing from Asia to North Europe.
Maersk said the decision to discontinue the pendulum loops was in response to “the recent unprecedented market situation ...
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