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Hapag-Lloyd points to weakening transatlantic

Monday, June 25, 2012

Weak eastbound demand for space on transatlantic containerships and a spike in capacity are the reason for Hapag-Lloyd discontinuing its Atlantic Express Shuttle (AES) service, not the relatively small size of the ships in the service, said Wolfgang Freese, president of Hapag-Lloyd America. Hapag-Lloyd said last week that next month it will discontinue the string, which called just three ports - Hamburg, Antwerp and New York. Freese said figures from Container Trade S...

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