News / 'Lunatic' shipping lines won't stop the bloodbath with minor capacity cuts

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A week after Maersk announced that it would withdraw capacity from the troubled Asia-Europe trade, Hanjin and Evergreen are also to partially cut winter capacity with the decision to drop three sailings of its recently launched CEM/CUS Asia-north Europe service.

But observers and forwarders involved in the trade believe that the liner shipping industry will need to take further action if it is to return rates to profitable levels.

One forwarder told The Loadstar: “If the market is going to turn it’s ...