Wednesday, September 5, 2012
G6 Alliance suspends Asia-Europe loop
The G6 shipping line alliance of APL, Hapag-Lloyd, Hyundai Merchant Marine, Mitsui O.S.K. Lines, Nippon Yusen Kaisha and Orient Overseas Container Line, announced the winter suspension of the Loop 3 service between Asia and Europe that is to take effect Oct. 6.
The shipping lines cited scheduled vessel maintenance and "forecasted lack of improvements in the market environment in the Asia-Europe trade," as reasoning for the service's suspension.
"The market environment will be closely monitored for the resumption of the Loop 3 service accordingly," the alliance said in a statement.
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