Premier Alliance joins accelerating return to Suez

AI Summary

The Premier Alliance plans to return one Asia-Europe container service to the Suez Canal this month, joining a broader shift away from Cape of Good Hope diversions. A fuller Red Sea return could release vessel capacity into the market, raising questions about shipping supply and rates.

The Premier Alliance is preparing to send one of its Asia-Europe strings back through the Suez Canal this month, adding fresh momentum to the container sector’s retreat from lengthy Cape of Good Hope diversions and sharpening concerns over how much vessel capacity a fuller Red Sea return could release back into the market. ONE, HMM …