October 20, 2009
Singapore, Seoul, Tokyo, Oct 20, 2009 - The New World Alliance (TNWA) carriers - APL, Hyundai Merchant Marine (HMM) and Mitsui OSK Lines (MOL) today announced revised capacity and service plans for the Transatlantic trade.
TNWA and Maersk Line have been exchanging space in the Transatlantic trade. The carriers have determined that market conditions require capacity reductions and service rationalization in certain deployments.
Enhancements on other routes will ensure continued service reliability and rapid transit times for shippers.
The changes are detailed below.
The changes will reduce existing capacity of the TNWA and Maersk deployments in the Transatlantic by around one-third, while assuring continued reliable high quality service.
The TNWA carriers remain committed to providing customers with high-quality container shipping services in the Transatlantic. The changes will take place after appropriate regulatory filings.
-ENDS-
About the New World Alliance
TNWA member lines APL, Hyundai Merchant Marine (HMM) and Mitsui O.S.K. Lines (MOL), serve more than 40 ports using in excess of 100 containerships in the major East-West container trades.