The G6 Alliance announced on May 2 that it will not deploy the planned Loop 2 Asia-Europe service that was originally developed as part of the seven loops between Asia and North Europe to be jointly provided by the six members of the alliance.
The alliance was supposed to initiate Loop 2 in March 2012, but called it off due to “unsuitable market conditions.”
It added: “The G6 Alliance has not seen any improvements in the current market environment to justify the implementation of an additional service in the Asia-Europe trade.”
The G6 Alliance members are APL, Hapag-Lloyd, Hyundai Merchant Marine, Mitsui O.S.K. Lines, Nippon Yusen Kaisha, and Orient Overseas Container Line.
The G6 Alliance provides six loops between Asia and North Europe, the Asia-Mediterranean Express Service (EUM), and the Asia-Black Sea Express Service (ABX). These eight loops connect nearly 40 ports in 25 countries of the trade with over 110 weekly calls at major ports daily.
