The cargo flow from Asia to Europe still is not so good, so more and more carriers are cancelling vessel sailings to come down with the capacities and push the rate increases. All of the lines desperately need higher rates, nobody can survive on the present level. Here the Hanjin measures:
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Contingency Plan for Slack Season (CPS) on on Asia – Europe Westbound Trade
Please, note that Hanjin Shipping will undertake following service adjustments due contingency plan:
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