Maersk Line and MSC under the 2M alliance have suspended one of their joint transpacific services as the trade faces falling rates and the impact of a trade war between the US and China.
The EAGLE/TP-1 service has been suspended from 4 July sailing from Busan until further notice. The service calls Kaohsiung, Yantian, Xiamen, Shanghai, Busan, Vancouver, Seattle, Yokohama, Busan and Kaohsiung, and is one of five Asia – West Coast North America services operated by the alliance.
MSC said the suspension was due to the “challenging operating environment for business on the Transpacific trade”.
Of the major shipping sectors containers is expected to be the hardest hit by a US – China trade war.