Hong Kong's Great Ocean Container Lines (GOCL) has withdrawn Asia-Europe services as the 9-month-old start-up goes out of business, its recently resigned managing director Chris Bauermeister told the Hong Kong Shipping Gazette.
Having launched its first Asia-Europe service less than a year ago, Mr Chris Bauermeister said the company was "winding up its affairs".
"Obviously nobody within our industry had expected such dramatic declines in revenues and earnings, which has already caused the collapse or withdrawal of various operators," he said.
Having launched its first Asia-Europe service less than a year ago, Mr Chris Bauermeister said the company was "winding up its affairs".
"Obviously nobody within our industry had expected such dramatic declines in revenues and earnings, which has already caused the collapse or withdrawal of various operators," he said.