Hyundai, Maersk and CMA CGM will suspend their US East Coast, Korea and China service via Panama following the departure of the final eastbound ship from Ningbo on 27 September.

The announcement enables the carriers to streamline existing capacity and services to satisfy market demands, a CMA CGM statement said.

The all-water loop operated by eight 5,100 TEU vessels, known as the Hudson Service, included ports such as New York, Miami and Shanghai.

CMA CGM vice-president North America lines Jean-Philippe Thénoz said that the suspension was a temporary move.

“This rationalisation of port coverage and slot supply corresponds to the actual trend demand observed on the Asia-US market since the beginning of this year,” Thénoz said.

“We are fairly confident that the North America trade will rebound in the near future.”

Future port coverage will be carried out using existing services either in collaboration with a partner such as Columbus Service or independently by CMA CGM.