Middle East

Zim axes Asia-northern Europe container shipping route

Tel Aviv: Israeli container carrier Zim Integrated Shipping has terminated its monthly ad-hoc sailings between Asia and northern Europe, according to a report from Alphaliner.

Zim has been operating a semi-regular service on the route every four to six weeks since June 2014 with ships of between 4,600 and 10,000 teu.

Sustained losses on the competitive route forced Zim to cancel its liner service last April and terminate its slot charter arrangement with CSCL.

Instead, Zim has deployed its ships on the Asia-US East Coast trade, Alphaliner says, where spot rates have reportedly surged in response to a shortage of slots. [20/01/15]


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