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Maersk cancels the blanked sailing of all trans-Pacific routes, and other shipping companies will follow up
Updated: 2020-9-22
According to reports, Maersk, the world's largest container shipping company, has announced that it will cancel all suspended voyages along the Pacific coast.

The company cited the strong imports in North America in the past 60 days (expected to last until at least November) and announced the cancellation of all suspended trans-Pacific routes.

In recent weeks, the trans-Pacific to the west coast shipping spot price set a record, close to 4,000 US dollars per container, which caused some panic in the shipping market.

In the past week, the Chinese government has intervened, and the US maritime regulatory agency FMC has warned that shipping companies should increase capacity on trade routes and ease price increases. COSCO Shipping and its subsidiaries Orient Overseas Container Line Ltd. (OOCL) and Maersk (Maersk) agreed the measures taken by the Chinese government have been implemented, and six of the nine suspensions of trans-Pacific voyages have been resumed.

All three maritime alliances pledged to resume all voyages on the trans-Pacific trade route that flourished in October.

Maersk predicts that the current strong market will continue until November and until January before the Chinese New Year.

It is expected that other shipping companies will follow Maersk's practice and follow up. Maersk added in its consulting report yesterday that it is restarting idle production capacity, looking for more rental containers, and speeding up the delivery of empty containers back to Asia.

Compared with the same period last year, the container throughput of the Port of Los Angeles-Long Beach on the west coast of the United States has increased significantly, and imports in August increased by 13% and 18% respectively. In contrast, its container throughput dropped by an average of 17% in February, March and May this year.
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