German carrier Hapag-Lloyd and the 2M Alliance of Maersk and MSC have decided to prolong temporary suspensions of some of their services as demand remains at very low levels.
The initial moves occurred during the Covid-19 crisis peak, but as the demand has not recovered the shipping lines are forced to continue their service cancellation strategy with the aim of managing available capacity, thereby utilising the ships that are in operation more efficiently.
Market demand reductions, caused by the...
https://container-news.com/demand-plunge-forces-industry-leaders-to-prolong-service-suspensions/