CMA CGM’s new Asia-Mediterranean service has fallen victim to falling freight rates, after just six sailings.
The French carrier has suspended its newly launched Turkey-Libya Express (TLX) service, which commenced in July, calling at Shanghai, Ningbo, Nansha, Singapore, Jeddah, Iskenderun, Malta and Misurata, with ad hoc calls at Lianyungang and Tripoli. TLX had its last sailing on 11 August.
Rates to the Mediterranean have been rapidly deteriorating after holding on to the premium over the...
https://container-news.com/cma-cgm-halts-mediterranean-service-as-rates-sink/