APL reduces capacity

Singapore: APL announced a reduction in capacity on October 21, responding to global economic instability and challenges in the container shipping industry.

APL will cut capacity by 25% in the Asia-Europe trade and by 20% in the Transpacific, to cope with the economic downturn and rising fuel costs. APL’s president, Eng Aik Meng told the Financial Times that the global situation, combined with a decline in demand had led to the need to take action. APL has also cut several of its services, including the China Europe Express, Pacific South Express 3 and Singapore Subcontinent Express. Other services, including the South China Express and Pacific Coast Express will alter their routes.
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