English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

Maersk to cut Pacific Southwest capacity

PRESS RELEASE

December 09, 2014: Over the last decade, the operating environment on the Transpacific has been challenging, with the overall trade delivering unprofitable results for nine of the last ten years leading some to question the long-term health of the trade.

As a result, we have taken a detailed look at the economics of the trade with a focus on ensuring we secure our position.

Today we announce that we are reducing our capacity to the Pacific Southwest. In doing so, we will be closing our current TP5 service as of January 15th, 2015; and cease offering our direct Taiwan Express product to the Pacific Southwest as of January 1st, 2015.

This by no means suggests our commitment to the Transpacific trade has wavered. In fact, we see it very much the opposite. As we look toward the future, we want to continue playing a critical role in the supply chain of our customers on the trade.

However, the long-standing downward pressure on profitability in the Transpacific represents a serious risk to service levels. We will not take the lead but rely on the Transpacific Stabilization Agreement to address the profitability challenge to the benefit of all stakeholders.

To ensure we provide the necessary coverage for our customers, all key corridors will continue to be serviced by alternate options.

For the customers who are using our current TP5 service today, North China and Korea markets will be covered by our new East-West network, launching this January, which will provide the finest products in the market with best-in-class transit times. For the Japan market, effective from January 16th, 2015, we will launch a new TP5 product with reduced capacity covering Busan, Yokohama, Los Angeles, and Oakland.

Maersk has also announced it will begin a new weekly direct service with 10 x 3.500 TEU vessels from Jebel Ali, Mundra and Nheva Sheva to South and West Africa from 24th January 2015. The rotation will be: Jebel Ali, Mundra, Jawarharlal Nehru (JHT), Durban, Luanda, Apapa, Tincan, Cotonou, Port Elizabeth, Durban, Port Louis, Jebel Ali.

Within Africa, Maersk will operate a new direct product from Durban to Luanda, Apapa, Tincan and Cotonou; Cape Town into Luanda, and Cotonou via transshipment in Durban. Cape Town into Lagos remains on our FEW1 direct service

More News

Written on 16/10/2017, 19:43
freightweek-news-update-week-42DUBAI: October 16, 2017. A recent study by Aramex in Dubai discovered that deliveries using 'what3words' rather than a conventional street address were 42...
Written on 16/10/2017, 15:47
maserati-makes-an-entrance-at-naritaMODENA: October 16, 2017. Maserati chartered an Air Bridge Cargo Airlines 747-400 freighter for the Japan launch of its MY18 Maserati GranTurismo and...
Written on 13/10/2017, 18:36
apl-adds-to-guaranteed-service-suiteSINGAPORE: October 09, 2017. APL has renamed its two guaranteed service offerings 'Eagle Guaranteed' and added 'Eagle Go' to the suite with a guarantee of...
Written on 13/10/2017, 16:59
dp-world-to-expand-in-dominican-republicDUBAI: October 12, 2017. DP World is planning to expand its US$400 million Caucedo port operations in the Dominican Republic with a new 400-meter berth...
Written on 12/10/2017, 19:48
hawaii-to-meet-the-maxDALLAS: October 12, 2017. With 44 consecutive years of profitability, Southwest Airlines has announced it will begin service to Hawaii from the U.S....
Written on 12/10/2017, 18:43
skyteam-members-look-towards-joint-ventureGUANGZHOU/AMSTERDAM: October 12, 2017. China Southern Cargo and Air France KLM Martinair Cargo have taken the first step towards a joint venture with the...
Written on 12/10/2017, 16:17
turkish-airlines-outperforms-marketISTANBUL: October 12, 2017. Turkish Airlines reported a 25 percent year-on-year increase in air cargo carried to over 97,000 tons in September as traffic...
Written on 10/10/2017, 16:47
cargolux-signs-cargo-codeshare-with-emiratesDUBAI/LUXEMBOURG: October 10, 2017. Cargolux and Emirates SkyCargo have signed a cargo codeshare agreement for passenger and freighter services. Both...
Written on 10/10/2017, 15:24
freightweek-news-update-week-41PITTSBURGH, PA: October 15, 2017. A Qatar Airways Cargo Boeing 777 freighter arrived at Pittsburgh International Airport last Thursday as the airline's...
Written on 06/10/2017, 21:28
miami-and-iata-agree-air-cargo-outlook-remains-strongGENEVA: October 04, 2017. IATA reports a 12.1 percent year-on-year increase in freight tonne kilometers (FTKs) in August for its members, the fifth time...
Written on 06/10/2017, 17:05
more-flying-fish-from-emirates-sky-cargoCOLOMBO: October 03, 2017. Emirates Sky Cargo says Sri Lanka fish exports have been booming in the past 12 months following the lifting of European...
Written on 05/10/2017, 21:25
wal-mart-to-provide-a-new-parcel-serviceBENTONVILLE, AK: October 03 2017. Walmart has acquired Parcel, a technology-based, 24/7 service that uses routing algorithms to deliver perishable and...
Written on 05/10/2017, 20:44
french-fruit-exporter-acquires-danish-reefersTINGLEY, Denmark: October 03, 2017. British-registered Africa Express Line Ltd (AEL) has acquired 500 Star Cool integrated containers from Maersk...
Written on 05/10/2017, 19:36
qatar-cargo-adds-helsinki-as-finnish-pharma-industry-expandsDOHA: October 03, 2017. Qatar Airways Cargo has added Helsinki as its 74th pharma destination following the addition of Dublin in June this year. Chief...
Written on 05/10/2017, 16:53
volga-dnepr-returns-landshut-to-germanyFRIEDERICHSHAFEN, Germany. October 05, 2017. A former Lufthansa B737-200 aircraft, hijacked in 1977 by a faction of the Popular Front for the Liberation...
Written on 04/10/2017, 19:09
freightweek-news-update-week-40DOHA: October 08, 2017. Qatar Airways Cargo has taken delivery of its 13th B777 freighter. The airline's fleet now includes 22 freighters: eight A330F, 13...
Written on 28/09/2017, 19:01
sf-express-gets-ups-green-lightATLANTA: September 28, 2017. China's Ministry of Commerce has approved a proposed joint venture between UPS and SF Holding, the parent company of SF...
Written on 28/09/2017, 17:20
hapag-lloyd-completes-fleet-renewal-and-increases-capital-baseHAMBURG: September 28, 2017. Hapag-Lloyd is increasing its capital base by US$414 million with a share issue in order to reduce debt following its merger...
Written on 27/09/2017, 20:12
alaska-operates-first-b737-700-freighter-conversionANCHORAGE. September 26, 2017. Alaska Air Cargo has begun operating the world's first Boeing 737-700 passenger-to-cargo conversion with an inaugural...
Written on 27/09/2017, 16:49
round-the-world-box-service-goes-weeklyLONDON GATEWAY: September 27, 2017. The long-established 'Round-the-World' North Atlantic South Pacific (NASP) container service from Marfret and CMA- CGM...

- powered by Quickchilli.com -