Zim Integrated Shipping Services Ltd. announced last week it was putting an end to its weekly Asia / North Europe East West Express Service (EWX) and will instead increase its slot charter agreement on a service operated by CSCL - China Shipping Container Lines. ZIM's EWX, which began in January 15th 2008, is a weekly service deploying nine TEU 4,083 - TEU 4250 vessels, running on the following rotation: Shanghai (CN) - Xiamen (CN) - Shekou (CN) - Port Kelang (MY), to and from three North European continental ports in the Bremerhaven - Le Havre range and Southampton.
The decision to end the EWX service comes at a time of slowing Far East / Europe volume growth and rapidly shrinking freight rates from the influx of new tonnage.
It is understood that the last EWX voyage shown on the Zim's sailing schedule is Zim Genova (840) departing Shanghai on Oct. 4th.
Zim's slot charter agreement on a service operated by CSCL will become effective from the arrival of CSCL Le Havre at Ningbo on Oct. 18th.
Zim is understood to increase its slot capacity on China Shipping's AEX1 service to 3,750 TEUs.
CSCL's AEX1 service deploying eight TEU 7,700 vessels calling Ningbo, Shanghai, Shekou, Yantian, Port Kelang, Felixstowe, Hamburg, Antwerp, Nansha and back to Ningbo.
The decision to end the EWX service comes at a time of slowing Far East / Europe volume growth and rapidly shrinking freight rates from the influx of new tonnage.
It is understood that the last EWX voyage shown on the Zim's sailing schedule is Zim Genova (840) departing Shanghai on Oct. 4th.
Zim's slot charter agreement on a service operated by CSCL will become effective from the arrival of CSCL Le Havre at Ningbo on Oct. 18th.
Zim is understood to increase its slot capacity on China Shipping's AEX1 service to 3,750 TEUs.
CSCL's AEX1 service deploying eight TEU 7,700 vessels calling Ningbo, Shanghai, Shekou, Yantian, Port Kelang, Felixstowe, Hamburg, Antwerp, Nansha and back to Ningbo.