New World Alliance chops Transatlantic capacity by a third

[September 27, 2010]

The members of the New World Alliance (NWA) - APL, Hyundai Merchant Marine (HMM) and MOL - have announced plans to cull capacity shared with Maersk Line by 'around one-third' from December on the troubled Transatlantic tradelane.

The NWA and the Danish carrier have been exchanging space on the route, but falling demand and lack of success in pushing rates back up to sustainable levels has forced the radical move.

Subject to regulatory filing, the ATN/TA3 - Maersk loop US East Coast to Europe service provided by slots on Maersk Line vessels [only APL and HMM]will be suspended from December - coinciding with the start of the 'slack season'.

The NWA members said that although the move would eliminate 'excess capacity', enhancements on other routes would 'ensure continued service reliability' and 'rapid transit times'.
The revisions are:

APX/TA1
Additional calls at Antwerp and Le Havre with new rotation: Manzanillo, Miami, Jacksonville, Savannah, Charleston, New York, Antwerp, Bremerhaven, Felixstowe, Rotterdam, Le Havre, New York, Norfolk, Charleston, Manzanillo, Los Angeles, Oakland. 

[Maersk Line continues as a slot charterer]


ATS/TA2 - Maersk loop
 
An additional ship will be added and the rotation will henceforth include calls at New York, Savannah and Miami, as follows: Houston, Mobile, Norfolk, Rotterdam, Felixstowe, Bremerhaven, New York, Charleston, Savannah, Miami and then back to Houston.

[MOL will relinquish its share after the restructure]

According to the latest data produced by the European Liner Affairs Association (ELAA), trade between Europe and North America was off in August by 16% and 26%, respectively westbound and eastbound, compared to the same month of the previous year.


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