More shipping lanes have cut services between Asia and the US, potentially pushing up costs for those using existing services.
Recently MSC, Maersk Line and CMA CGM announced they would not provide their annual Jaguar service linking Shanghai, Ningbo, and Los Angeles, reported freight and logistics news provider IFW.
The joint peak-season service, which typically employs five Maersk vessels with an average size of 6,500teu, had already been delayed and was scheduled to have commenced at the end of May.
According to IFW, the service would now not run until May of next year.
The announcement comes in the wake of other cancellations with Hainan Pan Ocean Shipping and TS Lines scrapping their joint TP1 service, with a senior executive at TS Lines telling IFW the decision was made because of losses.
Also, on 14 July the New World Alliance of APL, Hyundai and MOL, announced the suspension of its Pacific Southwest service, while the Containership Company has ceased transpacific trade owing to pressure on freight rates, weak volumes and increasing oil costs.
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