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Maersk to cut 19 ships from Asia-Europe

Maersk to cut 19 ships from Asia-Europe
Copenhagen: Maersk has fired the first big salvo in the capacity cutting stakes, removing 19 ships from its Asia- Europe trades.

The Danish giant said it will  permanently scrap the AE5 service, which employs eight vessels, and halt the AE9 sailing, which has 11, until early December.

The action will bring its total capacity reduction on the route to 21% this year after a 9% cut in February.

Maersk typically runs 6,500-teu ships on its AE5 service and uses 8,000-teu vessels on the AE9 service.