CORRECTION: Far East/Med services halved in last year
The June 19 Shippers’ NewsWire carried an item about a report by Dutch consultant Dynamar. The item should have reported a sharp drop in container services between Far East and the Mediterranean.
There were 17 such services in operation as of early June, with 166 ships deployed on those routes compared to 280 a year ago. Capacity has been reduced less sharply, by 24 percent to 1.03 million TEUs, with annual capacity down 35 percent to 3.9 million TEUs. The average vessel size on the trade is now 6,200 TEUs.