Japanese container shipping line NYK Line is experiencing stronger transpacific demand than expected at the start of 2010 but will wait several weeks before deciding whether to add extra capacity to this trade lane, according to one of its senior executives. “Right now we have a bit of an artificial peak created by the Chinese New Year,” said its Americas Vice President and COO. “If the demand continues after the Chinese New Year (February 14), we all have lots of ships that we can throw into the mix. Demand is a little more than we planned for,” he said. NYK Line was among several carriers that cut capacity on the Pacific since mid- 2009.

From Baird Maritime, January 21, 2010