2M cancellations will not affect rates
Maersk Line's and MSC's decision to suspend their AE2-service will cut approximately 5,7 percent of the west going capacity, but is a decision based more so on limiting damage due to the lack of demand in the coming months, Drewry claims.
The decision, made earlier this month in the 2M alliance, to suspend their AE2 Asia-Northern-Europe-service is not made in the efforts of raising freight rates, but should limit the lowering of prices in the coming months after a so far disappointing year for Shipping Companies, according to shipping analyst Drewry.
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