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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Container Ships

NOL Posts Q1 Net Loss of $105 Mln

NOL Group reported a first quarter 2016 net loss after tax of $105 million. Core EBIT (Earnings before Interest, Taxes and Non-Recurring Items) for the period was a loss of $84 million,

New CMA CGM Agency in Puerto Rico

Shipping company CMA CGM announced the inauguration of its new agency in San Juan, Puerto Rico as from May 1, 2016.   The agency is opened in partnership with shipping agency Norton Lilly.

Ships Idled as Greeks Strike Again

Policy reforms required to meet bailout terms; parliament expected to measures on May 8. Greeks started a 48-hour nationwide strike on Friday in anger at tax

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Sonar Winch
rss | archive | history | articles | privacy | 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: 0.0684 sec (15 req/sec)