Port of Ningbo

China's Port of Ningbo is among those whose service is reduced due to the economy and fuel costs.

More shipping lanes have cut services between Asia and the US, potentially pushing up costs for those using existing services.

Recently MSC, Maersk Line and CMA CGM announced they would not provide their annual Jaguar service linking Shanghai, Ningbo, and Los Angeles, reported freight and logistics news provider IFW.

Also, on 14 July the New World Alliance of APL, Hyundai and MOL, announced the suspension of its Pacific Southwest service, while the Containership Company has ceased transpacific trade owing to pressure on freight rates, weak volumes and increasing oil costs.

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