Press release
THE NEW WORLD ALLIANCE ANNOUNCES WINTER CAPACITY PROGRAMME
The New World Alliance (TNWA) carriers - APL, Hyundai Merchant Marine (HMM) and Mitsui O.S.K. Lines (MOL)– today announced their winter capacity plans for the Transpacific trade.In the face of an unprecedented rise in operating costs – particularly for fuel –the TNWA has made the prudent business decision to withdraw more capacity and earlier than in previous years.
In addition to an immediate winter reduction of around 10%, the TNWA will from early December also withdraw a further 5 to 10% of its joint capacity in the Transpacific. The withdrawal may also run longer than in past years, according to the TNWA.
TNWA anticipates that it will have plenty of capacity to meet demand for cargo transportation services in the Transpacific during this winter season. Service will continue to be provided at all existing port locations. The carriers did not rule out future additional network adjustments in order to minimize the impact of dramatically higher costs on their respective businesses.
The TNWA carriers remain committed to providing customers with premium global container shipping services
Hiroki Tsujii
Manager, Strategic Planning & Asset Management Group, Liner Division
Tel: +81 3 3587 7337 / Fax: + 81 3 3587 7796
Email: hiroki.tsujii@mail.mol.co.jp
Edward Cook
PR Account Manager
Image Line Communications Ltd.
Unit 1A Zetland House 5-25 Scrutton Street
London, EC2A 4HJ
(t) + 44 (0) 20 7689 9009
(f) + 44 (0) 20 7689 8008
(e) pr@imageline.co.uk
About the New World Alliance
TNWA member lines APL, Hyundai Merchant Marine (HMM) and Mitsui O.S.K. Lines (MOL), serve more than 40 ports using in excess of 100 containerships in the major East-West container trades.
About MOL
MOL is one of the world’s largest multi-modal transport companies, operating more than 800 vessels and employing a workforce in excess of 8,600 worldwide. MOL operates one of the largest and most diverse networks of liner and logistics services around the globe, including weekly Transpacific, Transatlantic, Americas and Asia-Europe services. Please visit the company’s website at www.MOLpower.com.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release THE NEW WORLD ALLIANCE ANNOUNCES WINTER CAPACITY PROGRAMME here
News-ID: 32245 • Views: …
More Releases from MOL
MOL Receives Green Flag Award and Vessel Speed Reduction Award from both Long Be …
TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that the company has earned recognition from the ports of both Long Beach and Los Angeles, California, for its efforts to ensure compliance with standards that call for vessels to slow down within 40 nautical miles (nm) of the shore.
The Port of Long Beach introduced the Green Flag Program and Port of Los Angeles the Vessel Speed Reduction…
Magsaysay-MOL Receives Award of Excellence from Philippine Overseas Employment A …
TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that its group seafarer manning company, Magsaysay MOL Marine, Inc. (*, Magsaysay-MOL) has received the Award of Excellence from the Philippine Overseas Employment Administration (POEA). Philippine President Benigno Simeon Aquino III attended the award ceremony, held on February 10 at Malacanang Place.
The award is given to the companies that earn high evaluations for expanding overseas employment opportunities for Filipino workers,…
MOL Wins Newbuilding Project from AMPCO
TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that company has received a newbuilding charter contract for two methanol carriers from Atlantic Methanol Production Company LLC (AMPCO; President: Paul Moschell) based on an offer tendered in 2013. The vessels will be built at Minaminippon Shipbuilding Co., Ltd. (President: Kotaro Ikebe) and engaged in methanol transport for AMPCO.
The ships will operate under a long-term charter and the new…
1st 104,000DWT Class Post-Panamax Coal Carrier Akatsuki Delivered
Issue date : February 18, 2014
TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced the delivery of the Akatsuki, the first 104,000 DWT class Post-Panamax coal carrier, which was jointly developed with Sanoyas Shipbuilding Corporation (President: Takashi Ueda; Headquarters: Kita-ku, Osaka) and built at the Sanoyas Shipbuilding Mizushima Shipyard.
This new ship type was designed to optimize the transport of coal for power companies in Japan. MOL plans to add…
More Releases for TNWA
The New World Alliance to Launch New Trans-Atlantic Service
Seoul, Singapore, Tokyo, 19 January 2012 –The New World Alliance (TNWA) – APL Co. Pte Ltd (APL), Hyundai Merchant Marine (HMM) and Mitsui OSK Lines (MOL) today announced the launch of a new Trans-Atlantic service connecting Europe and the UK with the US East Coast and Panama.
The Americas Europe Express (AEE) service is TNWA's third dedicated Trans-Atlantic service. It offers multiple weekly sailings from major US and European ports, as…
MOL Offers New West Mediterranean Service
LONDON, 9 April, 2008 – The New World Alliance (TNWA) carriers – APL, Hyundai Merchant Marine (HMM) and Mitsui O.S.K. Lines (MOL) – and CMA CGM have announced a new joint West Mediterranean (MED) service starting from April 26th, 2008.
The new service offers shippers access and fast transit times to the growing Middle East and Mediterranean regions.
Eight vessels will be deployed on the service. TNWA will operate six vessels…
The New World Alliance Announces Major Capacity and Port Enhancements for Asia-E …
Singapore, Seoul, Tokyo, 9 November 2007 – The New World Alliance (TNWA) carriers - APL, Hyundai Merchant Marine (HMM) and Mitsui O.S.K. Lines (MOL) ¬¬- today announced their intention to significantly upgrade ship capacity and enhance the port coverage of a major Asia-Europe service offering.
In response to continued robust customer demand in the Asia-Europe trade, the Alliance will from January 2008 phase in eight ships with capacity ranging from…
MOL Announces New Asia-Black Sea Service
Tokyo, Singapore, Seoul, Dubai, October 4 2007 – The New World Alliance (TNWA) - Mitsui O.S.K. Lines, Ltd. (MOL), APL, and Hyundai Merchant Marine, Co., Ltd. (HMM) - Hanjin Shipping Co., Ltd and United Arab Shipping Company (UASC) today announced a new Asia-East Mediterranean / Black Sea service, named “EBX” (East-Mediterranean / Black Sea Express).
The introduction of the new service will enable TNWA, Hanjin and UASC to offer direct…
