THE five-member Grand Alliance has suspended its EU5 service between Europe and Asia, for which it deployed eight ships in the 3,300-TEU range.
Blaming the global economic downturn, the alliance of Hapag-Lloyd, MISC, NYK and OOCL, said it hopes to resume the service in June with its old 56-day round trip rotation of Shanghai, Ningbo, Xiamen, Singapore, Amsterdam, Hamburg, Southampton, Singapore and back to Shanghai.
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