News / SeaLead 'pauses' US west coast service as cargo demand collapses

SeaLead Shipping has confirmed to The Loadstar it has suspended its Far East-US west coast service.

It follows other long-haul newcomers quitting such trades in the face of collapsed cargo demand – and its east coast service is also in doubt.

SeaLead, based in Singapore and Dubai, started out with a focus on Asia-Persian Gulf routes, but like several other regional carriers, jumped into the transpacific trades in August 2021, when Covid-19-related logistical bottlenecks propelled long-haul freight rates to historical highs.

A SeaLead spokesperson ...