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CMA CGM pushes back US West Coast mega-boxship plan: Alphaliner
CMA CGM has pushed back its plan to deploy ultra-large boxships into the US West Coast from Asia, according analyst Alphaliner.
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While the French line has been running trial calls with the 17,800 teu CMA CGM Benjamin Franklin between Asia and the US West Coast since December 2015, a plan to add another five sister vessels for a regular string from the end of May.
It would have marked the first time that a line deployed such large containerships into US ports on a regular basis, breaking the current 100% reliance on the Asia – Europe trade.
“These plans appear now to have been shelved after freight rates on the FE (Far East) -USWC route plunged to record lows,” Alphaliner said.
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