Maersk’s new service may bring Deichmann, H&M back to Chennai

Cons. Discr. - Apparel 451 Cons. Discr. - Retailing 417 Corp - Ports 858 Corp - Shipping 939 Germany 226 Health Care 344 India 467 Industrials - Capital Goods 559 Mode - Containerized 1426 Mode - Seaborne 1762 Netherlands 21 Spain 46 United Kingdom 339

Maersk is reconfiguring its Asian services, including those from India to Europe, aimed at “improving speed to market, providing higher predictability and offering more flexibility” as well as bringing “resilience to the customers’ supply chains”. That follows a slew of disruptions to shipping from India including the Suez Canal closure. The revised ME7 service connects Chennai in India with ports in Germany, the Netherlands, Spain and the U.K. Total trade on the lane by all shipping firms was worth $1.25 billion in the 12 months to May 31. Shipments on the route fell by 19.0% in the thr...

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