Ocean Alliance to blank ten transpacific sailings as spot rates plummet

The Ocean Alliance has announced plans to cancel 10 transpacific sailings in March and April, as the early signs of weak volumes on the trade become reality.

The decision by APL, CMA CGM, Cosco, Evergreen and OOCL will result in some 74,000 teu culled from US west coast services and more than 35,000 teu from those destined for the east coast, according to data from Alphaliner.

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