Maersk's latest market report: Continue to cut the capacity of major routes and will open direct flights between China and the United States

Maersk said in its latest Asia-Pacific market update that the outlook for the global economy appears to be deteriorating further as growth slows and inflation levels rise.

As a result, the global Container traffic volume continued to decline, and almost all major markets experienced negative growth, which led to Maersk's reductionMajor routes in AsiaCapacity to meet demand.However, despite the bleak outlook, there are still signs of recovery, with some U.S. retailers poised to see significant monthly revenue growth, according to market analysts.

Morten Juul, head of shipping management in Maersk Asia Pacific, said in the report: "After experiencing a sharp decline, shipping demand is now stabilizing, and we are adjusting our route network to adapt to the new reality."

It is reported that at least one shipping alliance is considering a "winter navigation plan" between Asia and Northern Europe, that is, shipping companies may cut their weekly capacity by one third before the Spring Festival holiday starts on January 21st.

Maersk says it is continuing to adjust itsFrom Asia to North America,European and MediterraneanShipping service capacity to adapt to fluctuations in demand.This means that some sailings will be cancelled until the new year.

A week ago, Maersk and Mediterranean Shipping announced the suspension of Liberty/TP23, a joint route from Asia to the eastern United States.On the 23rd, he left Tanjung Parapas Port.

However, Maersk said there was reason to be optimistic about intra-Asian routes.After the Golden Week holiday, the demand from China rebounded rapidly, and its subsidiary Land and Sea Asia will launch a new intra-Asian route HP3, connecting ports such as Busan, Kaohsiung, Nansha and Haiphong.

In addition, in terms of air transportation, Maersk said that its air cargo company Maersk Air Cargo will greatly expand its air cargo network, including the opening of direct flights between China and the United States in late December this year,Connecting manufacturing andCommerceIt is centered in the center of East China and the east coast of the United States.The manufacturing and commercial center of the Midwest.

At the same time, the air transport service from Hangzhou, China to Chongqing and Bilong Air Cargo Hub, Denmark will be opened.

Maersk Air Cargo previously opened cargo flights between the United States and South Korea on Oct. 31, using the first of three recently purchased Boeing 767-300 freighters to provide twice-weekly flights to and from Greenville, South Carolina.-Flights to Fort Sparthanburg and Incheon (ICN), South Korea.

The company also opened on November 28Flights from Hangzhou to Chicago and Rockford via IncheonTwo shifts a week.From January 2, 2023, it will be increased to six classes every week.According to Maersk, Hangzhou is one of the high-tech manufacturing centers in China, while Chicago and Rockford are important passages to the Midwest of the United States.

Also on November 28th, the flight from Shenyang, China to Greenville-Spartanburg, USA via Incheon, South Korea was opened twice a week.From the beginning of January, it will be increased to at least three flights a week.

Maersk said: "Our goal is to rapidly increase flight Quantity and provide customers with reliable and fast air cargo options."

It seems that the current air transport market situation Not optimistic.According to the Maersk Market Update Report, the data released by the International Air Transport Association in early November showed that the air cargo demand of Asian airlines continued to decline in September.Asia's international freight demand (in terms of freight ton kilometers) decreased by 9.3% year-on-year in September and 8.7% year-on-year in August.

In Greater EXP, air cargo capacity increased in October, and Maersk expects apparel Chinese to increase from the end of October as winter apparel sales increase in major markets such as Europe and North America.

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