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Home » Maersk to Halt Asia-U.S. East Coast Transit Through Panama Canal

Maersk to Halt Asia-U.S. East Coast Transit Through Panama Canal

March 18, 2013
Maritime Executive

Maersk Line will send vessels through Suez Canal that can carry as many as 9,000 20-foot boxes at a time, instead of using two 4,500-box-vessels through Panama Canal, Soeren Skou, chief executive officer of Maersk Line, said in Singapore today. The last sailing through Panama will be on April 7 and the first service through Suez will be a week later, the company said in an e-mail statement.

"The economics are much, much better via the Suez Canal simply because you have half the number of ships," Skou said. "One of the reasons for why this is happening now is that the cost for passing through the Panama Canal has gone up. At the end of the day, it comes down to cost."

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KEYWORDS 3PL Asia-to-U.S. Shipping Business Strategy Alignment Global Gateways Global Logistics Global Supply Chain Management international trade Logistics logistics management Logistics Outsourcing Ocean Transportation Suez Canal transits Supply Chain Analysis & Consulting Supply Chain Management Technology Third Party Logistics Transportation & Distribution Transportation Management
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