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  16th March 2009 - STAR MARITIME
 

CMA CGM slashes SIRIUS capacity

FRANCE-based CMA CGM, the world’s third largest container shipping company, has slashed its SIRIUS service capacity by 40% to adapt to current market demand.

The shipper’s SIRIUS service links the Mediterranean with West Africa and the eastern coast of South America.

The two loops of the service had been merged into one single string effective March 12, operated with seven 4,200 twenty-foot equivalent unit (TEUs) vessels, the company said in a statement.

The new rotation is: Valencia–Taragona–Barcelona–Livorno–Vado Ligure–Malta–Dakar–Rio de Janeiro–Santos–Buenos Aires–Montevideo–Rio Grande–Paranagua–Santos–Rio de Janeiro–Pecem–Valencia.

“Although the service capacity has been reduced by 40%, it will nevertheless maintain a large port coverage and will keep serving Dakar, a particularly important call for CMA CGM,” said deputy vice-president for Latin America lines Jean-Yves Duval.

In a separate statement, CMA CGM said it would also reduce its SEAS service capacity by 35%, operated in partnership with China Shipping, Maruba and K Line.

SEAS 1 and SEAS 2 loops will be merged into a single string, operated by 10 vessels with capacity ranging from 2,800 TEUs to 4,000 TEUs, effective March 26.

CMA CGM will deploy four 4,000 TEUs ships, China Shipping with three 2,800 TEUs ships, Maruba with two 3,500 TEUs ships and K Line with one 4,000 TEUs ship.

The new rotation is: Qingdao–Pusan–Shanghai–Ningbo–Chiwan–Port Klang–Rio de Janeiro–Santos–Buenos Aires–Montevideo–Rio Grande–Paranagua –Sao Francisco Do Sul–Santos–Durban (Eastbound)–Port Klang–Hong Kong–Qingdao.

Although Xiamen and Hong Kong (westbound) are not part of the new rotation, they will be connected by feeders through other group services.

Duval said the Asia-Latin America trade traditionally saw a slack period between November to June.

“In order to adjust to the current economic situation and to better adapt its offer to the market demand, CMA CGM Group, together with its partners, has decided to reduce capacity by merging its two SEAS services while deploying larger ships and improving cost efficiency,” he said.

   
 

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