THE Alliance is suspending a transpacific loop in a move suggesting that carriers are now prepared to take more radical action on capacity management in order to balance supply with falling demand.
THEA members Hapag-Lloyd, ONE, Yang Ming and HMM advised that they are suspending their PN3 loop from Asia to the North American west coast, “until further notice,” effective the first week in October, “in consideration of the present market situation.”
In order to mitigate the impact of the temporary suspension of the PN3 loop, THEA said it would add port calls and make a rotation change to its Asia-North America PN2 service.
Read more in an article from The Loadstar.