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The time now is: Today 20:28
All times are GMT + 3 Hours
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.
“In addition to the voyages voided in April, THE Alliance members are currently preparing further, structural changes to our 2020 product and will make respective announcements in the upcoming week. The adjustments to our services are based on the requirements of the market in the current situation,” the alliance members said in an advisory.
The blanking of sailings is not a very glorious start for the South Korean shipping company HMM in the alliance.
The company traded its cooperation with 2M for full membership in THE Alliance, which marked its official start today.
HMM was described as a great fit for THE Alliance, as it was contributing a number of new and modern vessels, especially on the Far East-North Europe trade.
Specifically, twelve 23,000 TEU vessels were scheduled to start their delivery to HMM in April. Additionally, eight 15,000 TEU newbuildings also slated to join HMM’s fleet in the second quarter of 2021.
Given the pandemic’s impact on shipbuilding schedules in Asia, the delivery dates might be affected.