Maersk suspends Asia – USEC service due to reduced global demand
Maersk announced the temporary suspension of its autonomous 'TP20' service Southeast Asia – Far East – US East Coast. This ten-week itinerary uses ten classic 4.100 – 4.800 TEU Panamax vessels and connects Jakarta-Cai Mep-Shanghai-Ningbo-Busan -(Panama Canal)-Mobile-Newark-(Suez Canal)-Jakarta, Alphaliner reports.
The suspension “until further notice” is a consequence of expected reductions in global demand, which led Maersk to take action and adapt its network capacity.
In the coming weeks, several ships will end their voyages in China, meaning the ships can still act as feeders from Jakarta to China for Indonesian export cargo to the US West Coast and US Gulf. ..
Containers exported from Jakarta to the US East Coast will be transported by Maersk's regional company Sealand Asia vessels to Singapore or Tanjung Pelepas for transhipment on 2M / Zim Far East – USEC 'TP11 / services Elephant / ZNF' and 'TP17 / America / Z7S'.
Cai Mep remains directly connected to the US via the aforementioned Asia – USEC 'TP17' itinerary and via the 2M Asia – US West Coast 'TP6 / Pearl' service.
The soon-to-be-closed 'TP20' was launched in July 2021 for the peak Asian export season and was held as warranted by high cargo demand from Vietnam and China.
The average nominal capacity from the Far East to North America currently stands at 530.561 TEUs per week, which is already a 21% decrease compared to February 2022.
In the context of transpacific capacity management, the suspension of 'TP20' follows TS Lines' decision to discontinue its 'NW1' service between the Far East and Vancouver last month.