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Carriers pull capacity from Asia-Latin America
2009/2/23
Hamburg Sud, MSC and Latin American shipping company CCNI have reduced capacity on the Asia-Mexico and Asia South America services as market conditions in the trade deteriorate.
The rationalization of services on the Asia Express Consortium (AEC) will remove 2,500 TEU from service.
AEC partners CCNI and Hamburg Süd on the one hand and MSC on the other will combine the current MSC service with sling 2 of the Asia Express Consortium.
Sling 1 will be operated with 10 modern vessels of 4,200 TEU nominal capacity. The revised service structure will have the following rotation: Yokohama - Pusan - Shanghai - Ningbo - Hong Kong - Manzanillo - Lazaro Cardenas - Puerto Quetzal - Buenaventura - Guayaquil - Iquique - Mejillones - Valparaiso - Lirquen - Lazaro Cardenas - Yokohama.
Sling 2 will be operated with ten modern vessels of 3,500 TEU nominal capacity. The revised service structure will have the following rotation: Keelung - Hong Kong - Chiwan - Shanghai - Ningbo - Busan - Yokohama - Manzanillo - Buenaventura - Callao - Mejillones / Antofagasta - Valparaiso - San Vicente - Manzanillo - Keelung.
The resulting two-sling service will provide for the most complete and comprehensive coverage in the trade. Total nominal capacity will be reduced by 2,500 TEU per week in the period from February 24 through to August 2009.
Hamburg Süd, CCNI and MSC will review the trade prospects in June 2009. Should the trade situation improve sufficiently to warrant additional capacity the lines will revert to their original service set up.
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2009/2/23