Hamburg Süd, Reduction in Capacity

Monday, January 26, 2009

Due to deteriorating market conditions, the AAS Consortium partners APL, Hamburg Süd, Hapag-Lloyd, Hyundai Merchant Marine and Evergreen have decided to reduce capacity in the trade between North East Asia and Australia with immediate effect.

The total nominal AAS capacity will be reduced by 3,200 TEU per week in the period from 1st February through to June 2009.

This will be achieved by idling the AAS Southern loop during this period. The AAS Northern loop will be adjusted in scope to cover the Taiwan, South China and Hong Kong markets.

The revised service structure will have the following rotation:
Busan - Qingdao - Shanghai - Ningbo - Kaohsiung - Yantian - Hong Kong - Melbourne - Sydney - Brisbane - Kaohsiung – Busan

The Japanese market will continue to be served through separate individual arrangements. The revised service will be operated with six modern vessels of 3,600 TEU nominal capacity.

The AAS Consortium partners will review the trade prospects in June 2009. Should the trade situation improve sufficiently to warrant additional capacity the AAS Southern loop will be re-established.

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Container Ships

Asia-N.Europe Container Freight Rates Jump 21%

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 21 percent to $1,455 per 20-foot container (TEU) in the week ended on Friday,

Matson Reports Solid Q2 2014 Results, Dividend Increased

Leading U.S. carrier in the PacificMatson, Inc. reported net income of $18.1 million or $0.42 per diluted share for the quarter ended June 30, 2014, compared with $20.

Redwood City Sees Cargo Movement Boost

Port of Redwood City reports 19% increase in cargo movement; highest since 2006 and third highest in modern history Reflecting a significant increase in construction

 
 
Maritime Security Maritime Standards Naval Architecture Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0942 sec (11 req/sec)