Ocean carrier loop suspensions will add significant tonnage to the idle fleet, unless the redundant vessels are redeployed or chartered-out – but these options seem unlikely in the current market.
Last week, THE Alliance partners Hapag-Lloyd, ONE, Yang Ming and HMM announced the suspension of the FE5 Asia-North Europe loop and the EC4 Asia-US east coast service this month “until further notice in consideration of the present market situation”.
The two loops …
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