News / Gemini carriers cut back loading allocations on challenging southern India trade

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Southern India’s ocean trade continues to be a challenging market for both Maersk and Hapag-Lloyd, with the pair cutting back on loading space.

According to industry sources, the Gemini Cooperation partners have pared down the loading space they share on a direct call at Ennore port (Chennai) for Europe trades, which began in early February.

The new joint loop, branded ME2 by Maersk and IEX by Hapag-Lloyd, is the only long-haul mainline operation out of India’s ...