The CKYH alliance, comprising Cosco, "K" Line, Yang Ming and Hanjin, will suspend seven services between Asia and the Mediterranean starting this month and into January, according to Exim News Service.
CKYH said it was cancelling the sailings to adjust to a reduced seasonal demand.
It has not ruled out further capacity cuts to coincide with the Chinese Lunar New Year, which falls on the week beginning February 10. |
