MSC and the Ocean and Premier container shipping alliances are withdrawing some transpacific and Asia-Europe services in a bid to to stem falling freight rates, according to consultancy Linerlytica’s report this week [The Loadstar].
MSC’s hapless transpacific Mustang service, which was supposed to have been reintroduced last July but was delayed by bottlenecks in Singapore, will not materialise at all, with its intended vessels moved to other lanes.
The Ocean Alliance has delayed this month’s Asia-North Europe string (NEU3) launch.
February 2025 Ocean Freight Market Update by DHL Global Forwarding
Maritime transport defied the COVID-19 disruption. In 2020, volumes fell less dramatically than expected and by the end of the year had rebounded, laying the foundations for a transformation in global supply chains and new maritime trade patterns.
