Transpacific sees first major MSC blanks as rates fall and volumes falter

Following nine weeks of consecutive declines in spot freight rates on the transpacific, carriers are finally beginning to pull capacity from the trade. Yesterday, MSC announced six transpacific sailings to be blanked, starting with next week’s sailing on theChinook service that links the Far East with Prince Rupert, Vancouver, and Seattle/Tacoma, operated with eight vessels…