THE Alliance Bites The Bullet And Cuts Shanghai, LA Service — Panjiva
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THE Alliance Bites The Bullet And Cuts Shanghai, LA Service

China 1758 Corp - Shipping 608 Mode - Containerized 1005 Mode - Seaborne 1273 South Korea 383 Theme - Alliances 86 U.S. 3297

A decline in the container-line sector’s profitability in the past two quarters – due in part to fuel costs – is leading the liners to rationalize routes and cut capacity on some routes. THE Alliance (ONE, Hapag-Lloyd and Yang Ming) is combining two Transpacific services. That comes after MSC cut its Eagle service. The move by THE reduces capacity on the Shanghai-LA lane and comes after the volumes handled on that route pair for THE fell 17% on a year earlier in the second quarter. THE alliance’s share of volumes on the combined PS5/8 routing reached 21% in the past quarter, putting it w...

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