Indian coastal freight attracts major carriers, but regional tension disrupts
India’s growing coastal freight demand looks like the next target for foreign container lines amid ...
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By Mike Wackett
Maersk Line is reducing capacity on its services between the east coast of South America and Europe and the Mediterranean by 10%, due to “declining market demand”. To achieve this, the line will phase-in smaller 4,500-6,500 teu ships to replace the 8,500 teu vessels.
According to Alphaliner, overcapacity in Latin American tradelanes is prompting ocean carriers, such as Maersk and MSC, to review their vessel deployment plans, particularly on the South American east coast. Last year, South American routes absorbed 211,000 ...
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