ZIM Defies Transpacific Capacity Exodus as MSC Takes the Lead
Ocean carriers have reduced their capacity on the transpacific trade route by almost a quarter in the past year due to low freight rates. The decrease in capacity has led carriers to reassess their network coverage and redeploy tonnage on more profitable routes. MSC has been at the forefront of this capacity reduction, cutting its transpacific capacity by 35% year on year, while Zim has defied the trend by increasing the number of slots it offers on the route by 21%, partly due to the delivery of LNG-powered ships.
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