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MAERSK WITHDRAWS CAPACITY FROM TRANSATLANTIC

MAERSK WITHDRAWS CAPACITY FROM TRANSATLANTIC

   Maersk Line is withdrawing four 1,300-TEU ships from the over-tonnaged
transatlantic trade by shortening the itinerary of its northern Europe/U.S.
East Coast/West Coast of South America "Eurandean" service.
   The transatlantic leg of the service will be ended, because Maersk has
enough capacity in the Atlantic on its other services, a spokesman said.
   The Eurandean service previously moved cargoes between Europe and North
America, between Europe and South America and between North and South America.
   The move will be regarded as the first decision by a transatlantic
carrier to reduce capacity in the North Atlantic.
   The ships of the revised "Andean" service will have
a port rotation of Charleston; Freeport, Bahamas; Miami; Manzanillo, Panama; Buenaventura;
Guayaquil; Callao; San Antonio; Iquique/Arica; Callao; Guayaquil; Buenaventura;
Manzanillo; and Charleston.