Winter cutbacks as MOL shifts capacity

2007-12-10

Mitsui OSK Lines will withdraw a further 13 percent of capacity to the trade between Asia and the US East Coast via the Panama Canal.

The Japanese carrier warned last month that it would pull out more capacity to the US West Coast and earlier than in previous years in the face of an unprecedented rise in operating costs - particularly for fuel.

APL, HMM, MOL and CMA CGM have decided to skip some sailings in their ESX deployment from mid-December to the end of March.

MOL has not ruled out additional network adjustments to minimise the impact of dramatically higher costs on their respective businesses.

Source: Cargonews Asia
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