Maersk cancels Asia-north Europe AE-9 loop again as demand slackens
DENMARK's giant carrier Maersk Line has announced it will cancel the Asia-North Europe AE-9 string again due to insufficient demand after re-launching the service less than two months ago.
The last sailing of AE-9 service was on February 4 from Ningbo, according to Alphaliner. After the suspension, Maersk's daily service for Asia-North Europe trade has again been reduced to five weekly sailings from its original seven.
This move implies that Maersk is not optimistic about the bookings of Asia-North Europe trade after the Chinese New Year and leaves the seven 4,500-7,500 TEU ships sailing on this service unemployed, reports Lloyd's Loading List.
Figures from Lloyd's List Intelligence indicate that there are currently 303 containerships in hot or cold lay-up totalling 497,352 slots. These seven vessels are likely to join the idle fleet.
DENMARK's giant carrier Maersk Line has announced it will cancel the Asia-North Europe AE-9 string again due to insufficient demand after re-launching the service less than two months ago.
The last sailing of AE-9 service was on February 4 from Ningbo, according to Alphaliner. After the suspension, Maersk's daily service for Asia-North Europe trade has again been reduced to five weekly sailings from its original seven.
This move implies that Maersk is not optimistic about the bookings of Asia-North Europe trade after the Chinese New Year and leaves the seven 4,500-7,500 TEU ships sailing on this service unemployed, reports Lloyd's Loading List.
Figures from Lloyd's List Intelligence indicate that there are currently 303 containerships in hot or cold lay-up totalling 497,352 slots. These seven vessels are likely to join the idle fleet.