News / Box lines make waves on the transatlantic as they cancel services to cut costs

Maersk trials a call at Halifax's Halterm facility

Soaring fuel costs combined with stagnant or under-pressure freight rates are forcing container shipping lines to axe services on marginal tradelanes.

The latest route under scrutiny is the traditionally robust transatlantic, which in the past week has seen both Hyundai Merchant Marine (HMM) and Evergreen announce the suspension of services.

HMM is giving up its 700 teu a week allocation on the 2M’s two strings from North Europe to the US east coast and US Gulf, telling shippers that after June it would “no ...