More liner newcomers quit long-haul box lanes as rates tumble
15 May, 2023
More of the newcomers to the long-haul container shipping routes have exited the transpacific and Asia-Europe lanes.
According to consultancy Linerlytica, Transfar Shipping, BAL Container Line and container maker China International Marine Containers (CIMC), which started a China-US west coast service in 2021, have withdrawn from the long-haul lane.
Official comment from Transfar was not forthcoming, but The Loadstar has seen email correspondence with a shipper that stated that Transfar had withdrawn from the Asia-US east coast leg, but asserted the company was still offering Asia-USWC services.
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