Members of THE Alliance Hapag-Lloyd, HMM, Ocean Network Express, and Yang Ming have decided to void dozens of sailings in April amid anticipated sharp demand downturn caused by the coronavirus pandemic.
THE Alliance follows in the footsteps of 2M which withdrew the AE2/Swan and AE20/Dragon services on the Asia-Europe trade for the entire second quarter of 2020.
The capacity withdrawal equals a 21% capacity reduction in the trade. The void sailings by THE Alliance cover Asia and North Europe route, Asia and the Mediterranean, Transpacific-West Coast as well as Transpacific-East Coast via Panama and Suez canals, as well as the Transatlantic routes.
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