News / Dramatic cuts to services as lines battle to hang onto 'super-cycle' profits

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Ocean carriers are preparing to implement the severest cuts to liner services since the beginning of the pandemic, as demand levels plummet across global tradelanes.

Indeed, The Loadstar understands that, following the recent culling of services on the transpacific, the three vessel-sharing alliances are considering the temporary suspension or merging of some Asia-North Europe loops to mitigate the impact of a dramatic slump in bookings and to slow the erosion of freight rates.

Meanwhile, according to Drewry, the liner industry is entering ...