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CMA CGM blanks another Asia-North Europe sailing

FLUCTUATIONS between supply and demand has prompted CMA CGM to withdraw a further peak season headhaul Asia-North Europe sailing

CMA CGM blanks another Asia-North Europe sailing

FLUCTUATIONS between supply and demand has prompted CMA CGM to withdraw a further peak season headhaul Asia-North Europe sailing

28 July 2019 - 19:00

FLUCTUATIONS between supply and demand has prompted CMA CGM to withdraw a further peak season headhaul Asia-North Europe sailing.

The French shipping line said in an advisory that it was voiding the sailing of its 13,892 TEU APL Singapura, which was scheduled to set sail from Tianjin on August 15 and Shanghai on August 24, reported UK's The Loadstar.



The blanking of the APL Singapura is the fifth by the Ocean Alliance during the peak season, a worrisome sign given that demand should now be at its highest point of the year.



In line with softening demand, THE Alliance has also blanked four peak season loops and one of the Hyundai Merchant Marine (HMM) standalone AEX services has also been pulled out.



This means capacity withdrawn in July and August has risen to 153,000 TEU, Alphaliner data shows, representing a cut of seven per cent in weekly capacity since the start of July.



However, Alphaliner pointed out that the temporary capacity blanking moves by the Ocean and THE alliances are insufficient 'to address the imbalance of demand and supply'.



The 2M alliance of Mediterranean Shipping Company (MSC) and Maersk Line has not announced any service suspensions on the Asia-North Europe tradelane so far, 'unlike in 2018 when the 2M suspended its AE2/Swan service for 12 weeks from September to early December, which helped to stabilise freight rates in the face of slower demand growth,' it was cited as saying.


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