We are pleased to share that our performance on the new Asia – Europe network shows top quartile reliability above 90 percent. And over the coming months, customers will experience further improvements in the competitiveness of our product.

Our network review has allowed Maersk Line to improve the allocation of capacity on the Asia to Europe services. Going forward, the average vessel size on the AE9 service, operating between the Asia – Mediterranean trade, will be reduced from 9,500 TEU to 6,500 TEU – with the reduction in capacity mainly impacting Mediterranean. This development will meet both current and anticipated demands.

Furthermore, our adjustments to the network will provide us with a more seasonal network, which will allow us to adjust capacity to demand without impacting the product and reliability we offer to customers.

The changes to the network will apply equally to both VSA partners on the East – West Network, and are anticipated to be fully effective by the middle of Quarter 3, 2015.

Maersk Line is currently putting the finishing touches on the revised rotations and full service details. These are subject to regulatory requirements, and we will communicate the changes as soon as possible.