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June 22 2020

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16 The Journal of Commerce | June 22 2020 International Maritime CONTAINER CARRIERS ARE extend- ing aggressive capacity reduction programs deeper into the third quarter, a clear signal shipping lines expect a lukewarm recovery from the demand-crushing effects of the COVID-19 crisis. THE Alliance of Hapag-Lloyd, Ocean Network Express, Yang Ming, and HMM and the 2M Alliance of Maersk Line and Med- iterranean Shipping Co. (MSC) announced at the beginning of June that 75 sailings will be can- celed through September in a bid to match capacity with weak antici- pated volume levels. As of June 10, no announce- ment had been made by the Ocean Alliance on its network plans for the third quarter, but industry analysts expected members Cosco Shipping/OOCL, CMA CGM/APL, and Evergreen Line to announce a blank sailing program soon. By June 1, before third-quarter network adjustments, the three alliances had announced a total of 126 void sailings on the trades between Asia and North Amer- ica through August as a result of the impact of the coronavirus on demand, and 94 blanked sailings on Asia–Europe, according to Sea- Intelligence Maritime Analysis. THE Alliance's global service network for the third quarter will prolong the cancellation of the Asia–North Europe FE4 service by merging it with the FE2 service until September and continuing to route the latter around the Cape of Good Hope on eastbound return voyages to Asia. This will reduce THE Alliance's Cruel summer Alliances extend blank sailings into Q3 on weak demand forecasts By Greg Knowler Importing & Exporting | Ports | Carriers | Breakbulk | Global Logistics

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