Maersk Line announced at the end of July that it would trim its Asia-Caribbean (AC1) service in October by dropping calls at Kingston and Manzanillo, Panama, while instead using Balboa, Panama, as its feeder hub for the entire Caribbean region. Dropping the calls allows Maersk to operate a weekly service with seven vessels instead of eight.
The change will negatively impact volumes at KCT, which traditionally handles transshipment cargo in containers, with only a small portion of the cargo being generated by the domestic Jamaican market.
The port authority said transshipments at the KCT declined to 5.74 million metric tons through July, compared with 6.58 metric million tons for the same period in 2006. Cargo tonnage increased 4.4 percent in July, trimming the year-to-date decline to 10 percent at 6.68 million tons.
The port authority is reportedly in talks to increase services with other carriers to offset the loss of the Maersk business.
Port authority spokesman Pat Belanfanti told the Jamaica Gleaner he actually expects to see an upturn in KCT volumes during the second half of 2007.
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The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
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