Newcomer Ellerman City Liners is pulling its last vessels out of the Asia-Europe trade.

The UK-based liner shipping division of freight forwarder Uniserve is transferring its chartered container fleet to the more profitable transatlantic trade.

The redeployment was signalled in December with the launch of a service from northern Europe to the US East Coast.

Unlike the transpacific and Asia-Europe trade, freight rates on the transatlantic remain at elevated levels.