HMM takes ships from sinking transpacific for another Asia-Middle East service
South Korean flagship carrier HMM is diverting ships from transpacific services to its Asia-Middle East ...
Photo: © Kamontad123 | Dreamstime.com
By Alison Koo
As US-China trade tension continues, mainline operators continue to divert capacity from the transpacific to Asia-North Europe services, which is driving down rates on the latter tradelane.
Consultancy Linerlytica calculates that 8.6% of Far East-US west coast capacity was removed in the month following the US imposing new tariffs on imports from China of 156%.
Twenty-seven ships, some 200,000 teu, have been removed from the US west coast trade, the bulk of this surplus tonnage redeployed ...
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