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.
The July 2024 Ocean Freight Market Update highlights the current trends and developments affecting global shipping, with a specific focus on demand, capacity, rates, and regulatory impacts
The development of the International North-South Transport Corridor is a strategically important task for Russia and the countries participating in the venture
