Maersk Line will cease services to and from 10 Chinese ports in what is thought to be an effort to reduce costs and focus on more profitable ports, reports say.
The container line will stop calling at Chizhou, Luzhou, Yingkou, Jinzhou, Rizhao, Yueyang, Lijiao, Taiping, Jiaoxin and Nansha old port, which are currently served by feeder vessels from larger ports, according to Reuters reports.
“The closure of service in these Chinese ports should not be interpreted as a change of strategy,” Maersk Line said in an email to Reuters, but declined to comment further.
The newswire expects Maersk Line to post a $67m loss when the AP Moller-Maersk group publishes its second-quarter results on Friday.
