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Maersk to start ‘conveyor belt’ Asia-Europe service

14 September 2011
Maersk Line is to start a daily Asia-Europe service from 24 October and will try to avoid cutting rates despite its market forecast that freight rates would remain under pressure for the next year, reported Reuters.

The service will operate between Ningbo, Shanghai and Yantian in China and Tanjung Pelepas in Malaysia, Felixstowe in the UK, Rotterdam in the Netherlands and Bremerhaven in Germany.

Eivind Kolding, chief executive of Maersk Line, said it would create a virtual “conveyor belt service between Asia and Europe”. The service will offer a daily cut-off at the same time each day, seven days a week, and always with the same transport time.

The service is aimed at improving the reliability of services on the Asia-Europe trade, where as many as 44 per cent of all containers arrive at their destination late, according to Maersk Line.

It has promised compensation if cargo is late but would not add a surcharge. The compensation level will be US$100 per container for delays of between one and three days and US$300 for delays of more than four days.

     
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