MAERSK, MED SHIPPING TO COMBINE ASIA/EAST AUSTRALIA SERVICES

MAERSK, MED SHIPPING TO COMBINE ASIA/EAST AUSTRALIA SERVICES

   Maersk Line and Mediterranean Shipping Co. will combine two Asia/East Australia services into one, the lines said Wednesday.
   The six-vessel service will call Yokohama, Osaka, Busan, Nagoya, Hong Kong, Kaoshiung, Sydney, Melbourne, Brisbane and Yokohama again.
   The carriers said the consolidation, which reduces capacity by about 20 percent, is in response to market demands.