AMIDST CORONAVIRUS CRISIS, HUGE BLOW TO EURO-ASIAN COUNTRIES AS THE 2M ALLIANCE CUTS DOWN SERVICES

Highlights

• Shipping giants MSC and Maersk announce cut down in services

• Other alliances soon to announce cut down if services

• Decline in demand from western consumer markets

Two of the world's largest ocean carriers, MSC and Maersk who are also main pillars of the 2M alliance has decided to strip down services on the trade lanes in Europe and Asia citing coronavirus pandemic. Thi....