Zim’s re-introduction of its ZIM eCommerce Xpress (ZEX) in November came as a
surprise, but more capacity to the US West Coast is due to be introduced by CMA
CGM in December as these 2 carriers aim to pre-empt the shift of transpacific
cargo from the East Coast to the West Coast due to more severe Panama Canal
transit restrictions that will start from January 2024 as well as the potential
disruptions from ILA contract negotiations to replace the current contract that
expires in September 2024.