China Cosco Holdings Co and partners will suspend a weekly Asia-East Mediterranean container-shipping service from tomorrow because of slumping demand, Lloyd's List said yesterday.
The lines, also including Hanjin Shipping Co, Kawasaki Kisen Kaisha Ltd and Yang Ming Marine Transport Corp, are unlikely to resume the route in the near future, the maritime newspaper said. Seven ships are used on the service, which connects China, Singapore, Israel and Greece, the report said.
(Shanghai Daily October 7, 2008)
