Far East/Europe services halved in last year

Far East/Europe services halved in last year    The number of weekly dedicated services between the Far East and Europe has halved compared to the same time a year ago, according to the Dutch maritime consultant Dynamar.
   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.
   Only Maersk, the CKYH Alliance, Mediterranean Shipping Co., CMA CGM and the Grand Alliance offer more than one weekly sailing on the trade, according to the report.