Tuesday, October 19, 2010

Container Line Withdraws Asian Freight Service

Maersk Say Seasonal Change Reduces Demand
Shipping News Feature

ASIA – EUROPE – Danish container shipping giant, Maersk Line has confirmed it will adjust its Asia - Europe capacity in line with changing market demand. In mid-November the AE9 service, which accounts for around 10% of the company’s regional network capacity, will be withdrawn but this is a traffic volume adjustment and does not entail any vessel lay-ups or similar.

Lee Sissons, Director of Maersk Line's Asia-North Europe trade explained:

"A few weeks ago, we said that we were ready to adjust our capacity to post-peak demand levels, and that is what we are announcing today. We are taking out one service - the AE9 - for a period of time. We will make some adjustments to our network to maintain our high schedule reliability and extensive coverage. Therefore we are hopeful our customers will not see a disruption in the services we provide.

"At this point, we do not expect to lay up vessels or further capacity adjustments in the trade. We plan to reinstate the AE9 service as demand levels dictate, and we will remain flexible to changes in the market.”

After the Chinese New Year, Maersk Line expects to remove capacity once again in line with market demand levels.

Photo: MV Emma Maersk