Citing reduced demand on the trans-Pacific, CMA CGM, Maersk Line, and Mediterranean Shipping have postponed the launch of their third string in their vessel-sharing agreement (VSA) to the second quarter of 2012.
The VSA partners earlier this year announced the introduction of the Jaguar Service covering Asia to California in the middle of May 2011 as part of an overall restructuring of their agreement. The service, however, has already been postponed three times due to reduced demand for space from the shippers in the trade.
The Jaguar Service was scheduled to cover Shanghai-Ningbo-Los Angeles. These corridors will instead continue to be covered as part of the two already existing loops of the VSA, said the MSC in a statement.
