News / More liner newcomers quit long-haul box lanes as rates tumble

© Donvictorio

More of the newcomers to the long-haul container shipping routes have exited the transpacific and Asia-Europe lanes.

According to consultancy Linerlytica, Transfar Shipping, BAL Container Line and container maker China International Marine Containers (CIMC), which started a China-US west coast service in 2021, have withdrawn from the long-haul lane.

Official comment from Transfar was not forthcoming, but The Loadstar has seen email correspondence with a shipper that stated that Transfar had withdrawn from the Asia-US east coast leg, but asserted the company ...