'Cargo collision' expected as transpacific capacity tightens and rates rise
Transpacific shippers keen to take advantage of the 90-day tariff time-out are likely to be ...
Photo: VesselFinder
By Mike Wackett
THE Alliance is suspending a transpacific loop in a move suggesting that carriers are now prepared to take more radical action on capacity management in order to balance supply with falling demand.
THEA members Hapag-Lloyd, ONE, Yang Ming and HMM advised today that they are suspending their PN3 loop from Asia to the North American west coast, “until further notice”, effective the first week in October, “in consideration of the present market situation”.
According to eeSea data the PN3 weekly service deploys ...
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