News / MSC leads the charge as transpacific container service culls begin

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MSC confirmed today that demand from China to the US west coast had “significantly reduced” and it would be “taking certain actions” to rebalance its capacity, starting with the suspension of an entire service.

Until now, the major ocean carriers have used blanking strategies to take out capacity, but the demand outlook has deteriorated rapidly in the past few weeks, obliging lines to consider axing services.

The carrier said that, with immediate effect, it would “temporarily suspend” bookings for its transpacific Sequoia ...