Over capacity of shipping lines

MSC, CMA / ANL & G6 Alliance have announced to omit some of the sailings during the golden week in China (1st Oct to 7th Oct) which is the long holiday and people expects the gloomy market will be even worse. Cutting the capacity is the way to save cost and reduce the supply in order to tackle the downtrend of the shipping industrial which has been hit hard by Europe debt crisis and US recession in this year.

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@herport

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