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High costs force TNWA to cut more Asia-US sailings

High costs force TNWA to cut more Asia-US sailings

Singapore: The New World Alliance partners APL, Hyundai Merchant Marine (HMM) and Mitsui O.S.K. Lines (MOL), together with CMA CGM, have announced additional winter capacity plans for the trade between Asia and the US East Coast via Panama Canal. This will see the lines reduce capacity to the US East Coast by withdrawing some sailings in their ESX/SAX deployment.

APL, HMM, MOL and CMA CGM confirm that service will continue to be provided at all existing port locations and the carriers will have sufficient capacity to meet demand for cargo transportation services in the Transpacific during the winter season.

Late last month, TNWA carriers APL, HMM and MOL announced that they would be withdrawing more capacity to the US West Coast and earlier than in previous years in the face of an unprecedented rise in operating costs - particularly for fuel.  [10/12/07]