Liner operators are re-assigning ships from long-haul routes to intra-Asia lanes, as rates in the former continue to trend at pre-Covid-19 lows.
Back in mid-2020 to mid-2022, companies such as Wan Hai Lines and China United Lines moved tonnage from intra-Asia routes to what were then the more lucrative Asia-Europe and Transpacific lanes.
Now, as rates on the long-distance routes have crashed, liner operators have found themselves with too many small to mid-sized ships that have become uneconomic...
https://container-news.com/lines-divert-ships-back-from-long-distance-lanes-to-intra-asia-services/