8 carriers cut Far East-WCSA capacity 20pc merging joint loops in winter
DURING the upcoming slack winter season CSAV, Mediterranean Shipping Company (MSC), CMA CGM, Hamburg Sud, CCNI, Hanjin Shipping, China Shipping Container Lines (CSCL) and Hyundai Merchant Marine (HMM) will drop one of their four loops on the Far East-Mexico-west coast South America route.
This will be achieved by merging within a new joint seasonal service the ANDEX 2/Alpaca/ACSA 2 service operated by CSAV, MSC, CMA CGM & CSCL and the Hanjin Shipping Sling 1/China Express/ALW 1 service run by Hamburg Sud, CCNI, Hanjin Shipping, CSCL and HMM, Alphaliner reports.
The move will reduce the capacity they deploy on the route by one-fifth, which currently stands at 25,500 TEU a week.
Total Far East-WCSA capacity will decrease by nine per cent, as the eight shipping lines combined control 55 per cent of the aggregate capacity deployed on the FE-WCSA sector, based on Alphaliner figures.
The port rotation of the new seasonal service is Shanghai, Ningbo, Xiamen, Shenzhen-Yantian, Hong Kong, Busan, Manzanillo, Lazaro Cardenas, Balboa, Buenaventura, Puerto Angamos (Mejillones), Valparaiso, Balboa, Manzanillo, Busan and back to Shanghai.
It will turn in 11 weeks and deploy 11 vessels averaging 6,500 TEU. The service is schedule to depart from Shanghai on December 3. The 5,560-TEU Monte Sarmiento owned by Hamburg Sud will make the first sailing.
The two remaining loops will remain the same, whereby CSAV, MSC, CMA CGM and CSCL will continue to separately operate their other joint service (ANDEX 1/Andes/ACSA 1) with 12 vessels ranging in size from 8,000-9,500 TEU.
At the same time, Hamburg Sud, CCNI, Hanjin Shipping, CSCL and HMM will continue to run their second loop (Hanjin Shipping Sling 2/North Asia Express/ALW 2) that uses ten 4,600-6,300 TEU ships.
Asian Shipper News