News / MSC axes new boxship's maiden voyage as Asia-N Europe rates hit all-time low

10/04/2015

As today’s Shanghai Containerized Freight Index (SCFI) for Shanghai-North Europe leg to an all-time low of $466 per teu, it appeared that MSC, as part of its 2M alliance with Maersk Line, has been obliged to cancel the maiden voyage of its 19,224 teu ultra large container vessel (ULCV), the MSC Oliver.

The 2M has announced that it is blanking two sailings from Asia to North Europe in week 16, the 8,750 teu Maersk Savannah, operating on the AE9/Condor service, and ...