2M axes Asia-North Europe loop, as carriers shop for more tonnage
Posted on 20th March 2023 at 17:22
2M axes Asia-North Europe loop, as carriers shop for more tonnage
After successive weeks of blanking its AE1/Shogun Asia-North Europe loop, the 2M Alliance has finally confirmed that the service is to be suspended.
It is the first alliance service on the trade lane to be officially culled and is likely to be followed by the removal of more in the weeks to come as ocean carriers try to mitigate the impact of significantly reduced demand.
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