The OCEAN Alliance is axing 10 sailings on its transpacific service in response to expected low seasonal demand.
CMA-CGM-APL, Cosco-OOCL and Evergreen will void the sailings scheduled for the vessels of between 9,000 teu and 13,900-teu
The measures indicate a fall in volumes that are sending freight rates on the trade into a tailspin.
Container shipping rates from Shanghai to Los Angeles plummeted by 20% last week.
