Hapag 'took the bigger risk' when it signed up to Gemini, says Maersk
Hapag-Lloyd “took the bigger risk” in the partnership with Maersk in the Gemini Cooperation, according ...
Port of Los Angeles
By Mike Wackett
Ocean carriers are pulling capacity from Chinese export routes and redeploying the ships to more robust tradelanes with growth potential.
Moreover, the weakness in the Chinese market is prompting more discussions on carrier slot swap agreements between rival alliances.
“Poor cargo demand in China and falling ocean spot freight rates have led to significant changes in global fleet deployment,” said Alphaliner.
The consultant said according to its data, more than 565,000 teu of capacity was withdrawn from Asia-North America and Asia-Europe trades last ...
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