MOL cuts capacity on Asia-Usec

MOL CUTS CAPACITY ON ASIA-USEC TRADE

JAPANESE carrier Mitsui OSK Lines says it will make additional winter capacity cuts on the trade between Asia and the US East Coast via the Panama Canal.

Late last month, MOL announced that it would be withdrawing more capacity to the US West Coast and earlier than in previous years in the face of an unprecedented rise in operating costs ? particularly for fuel.

Now MOL's latest announcement will see it reduce a further 13% of capacity to the US East Coast. MOL says that it, APL, HMM, and CMA CGM have decided to skip some sailings in their ESX deployment from mid-December to the end of March.

A statement says: ?MOL remains committed to providing customers with premium global container shipping services. However, it did not rule out future additional network adjustments to minimize the impact of dramatically higher costs on their respective businesses.?

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