Wednesday , 18 September 2019
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Maersk Line has decided to cut further capacity on the Asia-Europe trade on low demand, cut its AE5 service permanently and suspend the AE9 service.

Bleak outlook for Asia-Europe ocean container sector

“We do not expect volume growth on the Asia-Europe trades this year so there is currently no need for the number of ships sailing”, said Vincent Clerc, Chief Trade & Marketing Officer for Maersk Line. “We expect a 3% slump on the Asia-Europe container trades for 2012 and are taking steps to adjust to this without reducing our market position”.

“Further to the 9% capacity reductions we made earlier this year, this brings the total capacity reduction in 2012 on Maersk Line’s Asia-Europe network to 21%”. 

The Maersk Line AE5 service, which currently operates eight vessels of 6,500 teu nominal capacity, will be closed with the last sailing departing Tanjung Pelepas on November 8, 2012.

The AE9 service’s 11 vessels with 8,000 teu nominal capacity will be suspended immediately until early December 2012. 

Total trade volume has declined and the outlook for the economies of Europe and Asia remains weak. Where commercially appropriate, Maersk Line will consider additional opportunities to reduce capacity and look for slow-steaming opportunities.