Transpacific lines cut capacity

摘要

After months of sluggish traffic volumes and rate decreases, eight major ocean carriers have announced plans to reduce their vessel capacity in the transpacific.rnMaersk Sealand, the New World Alliance of APL, Hyundai Merchant Marine and MOL, and the Grand Alliance lines (Hapag-Lloyd, NYK, OOCL and P&O Nedlloyd) —three of the largest carrier groups in the transpacific trade — are cutting capacity and taking ships out of the transpacific trade at the end of November.rnHanjin Shipping, Senator, China Ocean Shipping Co., "K" Line and Yang Ming are also studying capacity rationalization plans.rnThe large-scale capacity rationalization, timed to coincide with the end of the peak season, is seen as a radical effort to bring supply more in line with demand.