NYK Line hopes its diverse array of business lines will help the company overcome the plunge in rates caused by overcapacity hitting the industry and has no plans to back away from its mega-ship orders.
22 Oct 2015
G6 Alliance carriers have suspended a trans-Atlantic service, the latest sign liners are pulling back capacity after spot rates hit the lowest level in more than a year. The move follows the downgrading of a trans-Atlantic service by members of the 2M Alliance.
20 Oct 2015
The G6 Alliance plans to omit sailings from Asia to the Mediterranean and North Europe in November and December in response to expected low demand.
30 Sep 2015
Carriers in the G6 Alliance have announced new sailing cuts in services from Asia, this time to both the U.S. East and West coasts from late October as the container shipping heads into the slow season.
14 Sep 2015
The G6 Alliance has announced another raft of canceled sailings on Asia-Europe in October and November as carriers face a poor final quarter on the battered trade lane that will round off a dismal second half.
26 Aug 2015
The G6 Alliance is starting a new service from Asia to Sweden, a sign that there are some bright spots on the ailing Asia-Europe trade lane.
25 Aug 2015
The G6 Alliance has withdrawn two more sailings on the Asia-Europe trade as the alliance has blanked 16 sailings in the past three months to staunch the bleeding in the trade’s freight rates.
18 Aug 2015
The G6 Alliance Tuesday announced it is axing four more Asia-Europe sailings just days after Maersk and Mediterranean Shipping Co. said they will drop one of their joint services on the troubled route that is facing declining demand and slumping freight rates.
05 Aug 2015
The idle containership fleet is continuing to grow amid a muted peak-shipping season and an increasing number of cancelled sailings on the Asia-Europe route, according to industry analyst Alphaliner.
07 Jul 2015
APL announced Monday that its PA2 service from North Asia will skip calls to the Port of Oakland through the end of July because of the port’s congestion problems.
07 Jul 2015
The G6 Alliance will cancel another four Asia-Europe sailings in July and August in the latest indication that carriers do not expect much of a peak season this year.
30 Jun 2015
The G6 Alliance continues to add port calls to its Asia-North Europe services, this time in China, in a bid to secure additional cargo loads on the trade during the much hoped for peak season.