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Maersk Line cuts capacity on the Asia-Europe link

Publication date: 2012-02-21

Tags: maritime, world

As an effect of oversupply of container ships plying on the Asia-Europe trade lane, beating container freight rates to an unsustainably low level, the company is removing 9% of its vessel capacity from the route.

To proceed with the reduction, Maersk Line has made a sharing agreement with CMA CGM. Maersk Line and CMA CGM will merge their respective AE11 and MEX services into one new AE11/MEX (operating 12,500 TEU per week from the first week of April) covering trade from the Far East to and from Spain, France and Italy. To cover the Mediterranean hubs, Maersk Line and CMA CGM will also merge their AE20 and FAL9 services into a new AE20/MEX3 service, starting from the last week of March with a weekly capacity of 9,500 TEU.

New Maersk Line and CMA CGM services:

AE11/MEX – Qingdao-Busan-Shanghai-Ningbo-Yantian-Chiwan-Nansha-Tanjung Pelepas-Port Kelang-Malta-Valencia-Barcelona-Fos Sur Mer-Genoa-Malta-Khor Fakkan-Singapore.

AE20/MEX3 – Xiamen-Shanghai-Ningbo-Yantian-Nansha-Tanjung Pelepas-Port Kelang-Beirut-Malta-Valencia-Malaga-Tangiers-Port Said-Port Kelang-Singapore.

"With this adjustment we are able to reduce our Asia-Europe capacity and improve vessel utilisation without giving up any market share we have gained over the past two years. We will defend our market share position at any cost, while focusing on growing with the market and restoring profitability" – underlined Søren Skou, Maersk Line’s CEO.

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