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Thursday, September 11, 2025
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Home Container Shipping News

Spot rate destruction on the Pacific paused

September 11, 2025
in Container Shipping News
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Fresh from cutting the Asia to US West Coast PS5 service altogether the Premier Alliance is looking at further cuts on the Pacific with a view to bolstering plummeting spot rates.

According to eeSea the Premier Alliances pendulum services the MD2 and FP2 are no longer serving the Pacific, though the cut to the FP2 has yet to be confirmed.

ONE confirmed that it has reconfigured the MD2 and GS2 services: “The Asia-Mediterranean segment of the current MS2 service will now operate as a standalone service, renamed Mediterranean 2 (MD2) service. The Transpacific segment of MS2 will be integrated with the AG1 [Asia Gulf Express] service and launched as the new Gulf Pacific South 2 (GS2) service.”

The post Spot rate destruction on the Pacific paused appeared first on Container News.

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