AP Moeller Maersk A/S to Cut Further Capacity on Asia-Europe Trade on Low Demand-Reuters
Reuters reported that AP Moeller Maersk A/S is to cut further capacity on the core Asia to Europe trade on the back of low demand. The Company's container shipping unit Maersk Line will permanently suspend its Asia to Europe AE5 service which operates eight vessels, and temporarily suspend its Asia to Europe AE9 service which operates 11 vessels.
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