THE NEW WORLD ALLIANCE ANNOUNCES WINTER CAPACITY PROGRAMME
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
Manager, Strategic Planning & Asset Management Group, Liner Division
Tel: +81 3 3587 7337 / Fax: + 81 3 3587 7796
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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.
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.
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