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A blanked sailing from the 2M+HMM grouping on the transpacific this week failed to halt the further erosion of freight rates to both the Asia-US west coast and Asia-US east coast destinations.
The departure of the 8,500 teu Hyundai Faith, scheduled for this week, was cancelled “to rationalise capacity supply from Asia to the US west coast”, according to vessel-sharing agreement partner MSC.
The blanking was on the MSC Yulan service connecting Shanghai, Gwangyang and Busan with Los Angeles.
However, the capacity cut ...
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