Carriers axe capacity on Asia-South America trade

摘要

A key Asia-South America service has been axed, removing over 10% of capacity from the trade lane. Maersk Line, CMA CGM, Hamburg Sud, CSAV, China Shipping Container Line and Hanjin axed the joint SEAS 3/ASAX 3/ASAS 3/NGX 3 service. CMA CGM said the service had been cut in early October "in order to adapt to market conditions and rationalise the supply in the trade".