Winter cutbacks as MOL shifts capacity

12/11/2007 10:32:15 AM

Mitsui OSK Lines will withdraw a further 13 percent of capacity to the trade between Asia and the US East Coast via the Panama Canal. The Japanese carrier warned last month that it would pull out more capacity to the US West Coast and earlier than in previous years in the face of an unprecedented rise in operating costs - particularly for fuel. APL, HMM, MOL and CMA CGM have decided to skip some sailings in their ESX deployment from mid-December to the end of March. MOL has not ruled out additional network adjustments to minimise the impact of dramatically higher costs on their respective businesses.                                                                               CargonewsAsia

RELATED NEWS

OTHER NEWS

Westport hits the 4M box mark (12/11/2007 10:28:25 AM) MOL names very large iron ore carrier (12/11/2007 10:24:22 AM) NYK starting Baltic loop (12/7/2007 10:57:49 AM) ESPMC-WITASS raising rates from West Coast South America (12/7/2007 10:52:12 AM) Weihai-Kwantung shipping route opens (12/7/2007 10:44:01 AM) Cosco Pacific to redevelop berth at port (12/7/2007 10:38:40 AM) Maersk adds ships to busy Asia-Europe route (12/6/2007 10:22:41 AM) Iran/Africa services planned (12/5/2007 11:18:48 AM) Wan Hai joining two Maersk transpacific services (12/5/2007 11:11:40 AM) UPS relocates Europe logistics division to Brussels (12/5/2007 10:56:58 AM)

COMMENTS

Your comment

Content: Email / Name / Tel:

The most comprehensive and easy-to-use global marine weather application

With the Courtesy of Bao Hoang Yachts Co. Click "HERE" to get your own 30day free trail or contact Ms Phuong Bui at Vietnam Shipper: phuongbq@vil.com.vn / 08.39330 148