News / Maersk withdraws TP20 service and ups profit guidance

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As congestion continues to mount across the major deepsea east-west trades and capacity is increasingly hard to find for shippers and their logistics suppliers, Maersk has announced it is to suspend its TP20 Asia-US east coast service.

A statement from the Danish carrier suggested it needed the TP20 capacity elsewhere in its network.

It said: “TP20 was introduced to complement our Asia to/from the US east coast offering. However, due to the ripple effects of the ongoing Red Sea situation, including delays ...