Further cuts in sailings have been announced by the G6 Alliance in response to the market changes in the Asia-to-Europe trade route.
The alliance has declared another five void sailings for the subsequent services and weeks as shown in the following.
– Loop 6 service in weeks 44, 48, and 52 (westbound ETA Fuzhou, 29 October, 26 November, and 24 December 2015). Kaohsiung will be added as a westbound call, while Jebel Ali will be inserted on the eastbound leg of Loop 7. The westbound Colombo and Xiamen calls will be added into Loop 4.
– Loop 7 service in weeks 45 and 49 (westbound ETA Qingdao, 2 November and 30 November 2015). Qingdao will be added to Loop 4 on the westbound leg in the corresponding week, while Gdansk, Gothenburg, and Antwerp calls being covered by Loop 5 on the eastbound direction during the same timeframe.
– Loop 4 service in weeks 46 and 50 (westbound ETA Ningbo, 13 November and 11 December 2015). The westbound Le Havre call will be covered by Loop 6 in its respective week.
– Loop 5 service in weeks 47 and 51 (westbound ETA Kwangyang, 20 November and 18 December 2015). The westbound Kwangyang and Pusan calls will be added in Loop 7 in their respective week.
– Loop 1 service in week 53 (westbound ETA Kobe, 2 January 2016).
Since May 2015, the G6 Alliance has blanked around 18 sailings in a bid to save costs due to the low freight rates. Members of the alliance include APL, Hapag-Lloyd, Hyundai Merchant Marine, Mitsui OSK Lines, Nippon Yusen Kaisha, and Orient Overseas Container Line (OOCL).
Previously, OOCL had projected low demand in October 2015 due to the overcapacity in Asia-Europe trade. The weak demand has prompted other container carrier alliances to review and adjust their Asia-Europe products accordingly.
This post was sourced from IHS Maritime 360: View the original article here.