- Blank Sailings Rise as Carriers Struggle to Halt Rate Decline.
- Drewry Index Drops Again Amid Shipping Market Volatility.
- Overcapacity Pressures Container Rates Despite Carrier Countermeasures.
The Drewry World Container Index has taken a hit, dropping 1% to $2,499, which marks its seventh week in a row of declines. On the major trade routes, Transpacific rates dipped by 2%, while rates for Asia–Europe/Med remained stable, and Transatlantic rates experienced a slight drop, reports Drewry.
Carriers are Responding with Blank Sailings and Surcharges
To tackle the ongoing slump in rates, shipping lines are resorting to blank sailings, downsizing vessels, and implementing targeted surcharges. Unfortunately, these strategies have had limited success, and the pricing pressure continues.
Upcoming Sailings Face a 7% Cancellation Rate
Among 724 scheduled sailings on key routes—including Transpacific, Transatlantic, and Asia–North Europe & Med—53 are anticipated to be cancelled between weeks 32 (August 4–10) and 36 (September 1–7), which translates to a 7% cancellation rate.
- Transpacific eastbound: 45% of blank sailings
- Asia–North Europe & Med: 28%
- Transatlantic westbound: 26%
Despite these cancellations, a solid 93% of the scheduled weekly departures are still expected to go ahead as planned.
Market Outlook Remains Uncertain
As trade patterns evolve and capacity continues to shift, the market is likely to stay volatile. Shippers should stay adaptable and keep a close eye on developments, as more blank sailings could be on the horizon. Additionally, geopolitical tensions, bad weather, and changing trade policies could further shake up global supply chains in the coming weeks.
Did you subscribe to our daily Newsletter?
It’s Free Click here to Subscribe!
Source: Drewry
