Grand Alliance reduces Trans Pacific capacity in slack season
published: cw 44, 2006 in Logistics & ShippingFor the first since a long time, the Grand Allinace members Hapag Lloyd, NYK and OOCL haved decided to take out vessel form the schedule, to reduce the available capacity in the Transpacific trade.
Following a meeting in Singapore, the CEO?s of the Grand Alliance (GA) member lines engaged in the Trans Pacific trade, Hapag-Lloyd (HL), Nippon Yusen Kaisha (NYK), and Orient Overseas Container Line (OOCL), have announced that the GA will lay up vessels during the traditional slack season, effective 20 November 2006 (week 47). MISC Berhad, the fourth member of the Grand Alliance, is not engaged in this trade.
The lay up will amount to approximately 3,000 TEU per week; equivalent to the GA?s estimated decrease in transport volume. During this time, ship operators will conduct any maintenance required on the vessels.
GA member lines will continue to provide sufficient capacity to meet customers’ requirements throughout this period.
Source: Hapag-Lloyd
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