Red Sea crisis forces Maersk to increase capacity over strategy limit
Maersk Line appears to have temporarily abandoned its strategy of maintaining capacity at no more ...
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By Mike Wackett
Maersk says it is offering shippers the opportunity to slow cargo arrivals from Asia destined for European and US ports to help retailers manage bloated inventories.
The initiative from the Danish logistics integrator comes as demand for retail-lifestyle products from Asia plummets.
In its latest Asia-Pacific market update, Maersk says volume prospects “remain weak”, and a continued slide in container spot rates “is likely”.
It warned: “The change from sudden boom into a low-demand situation will require further adjustment in customers’ sourcing and ...
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