News / Ocean 3 peak season service suspension 'unprecedented' but may set a precedent

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A surprise decision by the Ocean Three alliance to withdraw one of its four Asia-North Europe strings for three months at the start of the traditional peak season is an “unprecedented” move, said transport analyst Alphaliner today.

The radical action by O3 carriers CMA CGM, UASC and China Shipping will see the alliance’s weekly capacity to North Europe cut by around 20% to 40,000-48,000 teu over the 12-week period.

However, according to Alphaliner the O3 alliance may be forced to make the ...