(Gavin van Marle – The Loadstar)
Maersk has become the latest line to reduce transpacific container capacity, with an announcement that it is to close two services after revealing that the trade had made a loss in nine of the last 10 years.
In a customer advisory yesterday, Maersk said its TP5 service, connecting China’s Bo Hai Bay area and some of Japan’s major ports with Dutch Harbour, Oakland and Los Angeles will end on 15 January, the day before the carrier’s new east-west 2M partnership with Mediterranean Shipping Co comes into effect.
The line said: “Over the last decade the operating environment on the transpacific has been challenging, with the overall trade delivering unprofitable results for nine of the last 10 years, leading some to question the long-term health of the trade. Read more here.