English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

Maersk to cut Pacific Southwest capacity

PRESS RELEASE

December 09, 2014: 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 ten years leading some to question the long-term health of the trade.

As a result, we have taken a detailed look at the economics of the trade with a focus on ensuring we secure our position.

Today we announce that we are reducing our capacity to the Pacific Southwest. In doing so, we will be closing our current TP5 service as of January 15th, 2015; and cease offering our direct Taiwan Express product to the Pacific Southwest as of January 1st, 2015.

This by no means suggests our commitment to the Transpacific trade has wavered. In fact, we see it very much the opposite. As we look toward the future, we want to continue playing a critical role in the supply chain of our customers on the trade.

However, the long-standing downward pressure on profitability in the Transpacific represents a serious risk to service levels. We will not take the lead but rely on the Transpacific Stabilization Agreement to address the profitability challenge to the benefit of all stakeholders.

To ensure we provide the necessary coverage for our customers, all key corridors will continue to be serviced by alternate options.

For the customers who are using our current TP5 service today, North China and Korea markets will be covered by our new East-West network, launching this January, which will provide the finest products in the market with best-in-class transit times. For the Japan market, effective from January 16th, 2015, we will launch a new TP5 product with reduced capacity covering Busan, Yokohama, Los Angeles, and Oakland.

Maersk has also announced it will begin a new weekly direct service with 10 x 3.500 TEU vessels from Jebel Ali, Mundra and Nheva Sheva to South and West Africa from 24th January 2015. The rotation will be: Jebel Ali, Mundra, Jawarharlal Nehru (JHT), Durban, Luanda, Apapa, Tincan, Cotonou, Port Elizabeth, Durban, Port Louis, Jebel Ali.

Within Africa, Maersk will operate a new direct product from Durban to Luanda, Apapa, Tincan and Cotonou; Cape Town into Luanda, and Cotonou via transshipment in Durban. Cape Town into Lagos remains on our FEW1 direct service

More News

Written on 16/09/2017, 03:41
cma-cgm-reports-us-472-million-q2-ebitMARSEILLE: September 15, 2017. CMA CGM has reported a 56.8 percent increase in second quarter 2017 revenue to US$5.55 billion and a net income of US$219...
Written on 14/09/2017, 19:01
brucargo-plans-multimodal-cloud-with-nxtportANTWERP/BRUSSELS: September 14, 2017. Data platform NxtPort and Air Cargo Belgium's BRUcargo cloud-based community have signed an MoU to develop a digital...
Written on 13/09/2017, 22:03
kuehne-nagel-launches-lithium-battery-logisticsSCHINDELLEGI, Switzerland: September 13, 2017. Kuehne + Nagel has launched 'KN Battery Chain' – a supply chain solution for shipping large lithium...
Written on 13/09/2017, 16:36
cargo-re-starts-at-miaMIAMI: September 13, 2017. Miami International Airport expects a return to normal flight operations by the weekend of September 16/17 following Hurricane...
Written on 12/09/2017, 21:07
wisetech-acquires-air-and-ocean-rate-managementSYDNEY: September 12, 2017. Logistics software group WiseTech Global has acquired two rate management companies: Netherlands-based Cargoguide covering the...
Written on 12/09/2017, 20:05
40-million-investment-for-dunkerqueDUNKERQUE: September 12, 2017. The Dunkerque Multibulk Terminal (DMT) is investing €40 million over the next two years to produce construction materials...
Written on 12/09/2017, 19:13
rickmers-group-thrown-a-lifebeltHAMBURG: September 11, 2017. The Zeaborn Group and Hamburg shipowner Bertram Rickmers are to acquire the Rickmers Group's global ship management business,...
Written on 11/09/2017, 20:50
freightweek-news-update-week-37FELIXSTOWE, UK: September 15, 2017. Construction company VolkerFitzpatrick has won a contract at the Port of Felixstowe to design and construct 13...
Written on 11/09/2017, 15:16
danes-sell-belgium-terminal-to-chinaTHE HAGUE: September 11, 2017. APM Terminals, part of the A.P. Moller - Maersk Group, is to sell its 76 percent ownership of Belgium's second largest...
Written on 08/09/2017, 18:42
hna-to-spend-another-us-1-billion-on-logisticsSINGAPORE: September 07, 2017. HNA Belt and Road Investments Singapore, a subsidiary of HNA Holding Group (HK Group), has made an unsolicited offer of...
Written on 07/09/2017, 21:21
american-cancels-flights-ahead-of-irmaDALLAS/FORT WORTH: September 07, 2017. American Airlines (AA) has canceled 2,405 flights between today and September 11 as a result of Hurricane Irma, due...
Written on 07/09/2017, 19:39
china-merchants-acquires-brazil-container-terminalXIAMEN, China: September 04, 2017. China Merchants Port Holdings (CMPort), owned by China's state-owned Assets Supervision and Administration Commission...
Written on 06/09/2017, 14:08
freightweek-news-update-week-36NEW JERSEY, September 07, 2017. The 14,400 TEU capacity CMA CGM Theodore Roosevelt has became the largest container ship to pass under the raised Bayonne...
Written on 05/09/2017, 21:10
dhl-trials-delivery-to-customer-carsBONN, September 05, 2017. DHL Parcel and Volkswagen (VW) are testing a pilot project to deliver and collect parcels from the trunks of customers'...
Written on 29/08/2017, 21:15
cosco-first-half-profit-gain-from-saleHONG KONG: August 29, 2017. COSCO Shipping Ports has reported a first half 2017 (H1) net profit of US$384.7 million on revenue of US$275.8 million that...
Written on 29/08/2017, 16:18
freightweek-news-update-week-35LEICESTER, UK: August 31, 2017. Pall-Ex continues to grow its freight network with the addition of four members in the UK. Read more: Pall-Ex.pdf HONG...
Written on 28/08/2017, 20:47
qantas-promotes-head-of-freight-businessSYDNEY: August 28, 2017. A reorganization of the Qantas Group top management sees the appointment of Alison Webster, executive manager of Freight,...
Written on 28/08/2017, 18:06
new-intra-city-logistics-leader-for-asiaBEIJING: August 28, 2017. 58 Home, a leading online marketplace for merchants and consumers, has merged its logistics unit 58 Suyun with Hong Kong-based...
Written on 28/08/2017, 17:31
cargolux-adds-two-more-african-routesLUXEMBOURG: August 28, 2017. Cargolux is to begin new services to Douala, Cameroon and Lubumbashi, Democratic Republic of Congo (DRC). A weekly service...
Written on 25/08/2017, 16:27
lufthansa-cargo-s-pre-school-run-raises-20-000FRANKFURT: August 25, 2017. Almost 1,000 runners took part in the recent third annual 'Office City Run' to raise money for a pre-school in Nairobi, Kenya...

- powered by Quickchilli.com -