MAERSK declared it is offering shippers an opportunity to slow cargo arrivals from Asia meant for European and US ports to help retailers manage bloated inventories, reports London's Loadstar.
The initiative comes as demand for retail-lifestyle products from Asia drops.
Maersk declared volume prospects remain weak, and a continued slide in container spot rates is likely.
"The change from sudden boom into a low-demand situation will require further adjustment in customers' sourcing and purchasing plans, as well as carrier networks, which can lead to uncertainties and further disruptions to the supply chain in coming months," said Maersk.
Maersk stated it is also introducing "further measures to match cargo capacity with expected volumes on key tradelanes".
"Our overall goal remains to provide our customers with predictability and to ensure minimal disruption to their supply chain. High inflation levels and the cost of energy continues to be a key concern for consumers, and at present is reducing demand for transport services," said Maersk.
Maersk Asia Pacific regional head of ocean management, Morten Juul, stated that the pace of market normalization had been "faster than expected".
"At Maersk, we are working closely with our customers to support them during this period of turbulence, offering options of both speeding up and slowing down cargo arrival to match the temporary change in demand pattern," said Mr Juul.
Said Maersk: "Low demand and full warehouses mean customers are reluctant to pick up their import units from terminals, leading to high yard density."
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