Overcapacity looms for ocean trades – with more blanked sailings inevitable
Notwithstanding the possible effects of the US tariffs on global container trades, the box lines ...
© Vladimir Serebryanskiy
By Mike Wackett
CMA CGM has advised its customers that it will void its North Europe to Asia FAL 1 loop, scheduled to depart from Dunkirk on 21 August, and its FAL 3 loop, sailing from Rotterdam on 11 September.
The French carrier blamed “fluctuations between supply and demand” on the North Europe to Asia trade as the reason for cancelling the sailings.
However, European shippers are increasingly concerned that they will see a repeat of the capacity crunch chaos of previous years on vessels ...
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