Weekly Cancelled Sailings Tracker offers insights into blank sailings announced by each Alliance compared to the total number of scheduled sailings. This tracker is vital for stakeholders to understand shipping disruptions and plan accordingly, reports Drewry.
Weekly Analysis: 19 July 2024
- Total Cancellations: 46 out of 691 scheduled sailings (7% cancellation rate) between week 30 (22 Jul-28 Jul) and week 34 (19 Aug-25 Aug).
- Breakdown by Trade Route:
- Transpacific Eastbound: 46% of cancellations
- Asia-North Europe & Med: 28% of cancellations
- Transatlantic Westbound: 26% of cancellations
Alliance-Specific Cancellations:
- OCEAN Alliance: 19 cancellations
- The Alliance: 8 cancellations
- 2M Alliance: 7 cancellations
- Non-Alliance Services: 12 cancellations
On average, 93% of ships are expected to sail as scheduled over the next five weeks.
Ocean Freight Insights
- Drewry’s WCI Composite Index: Increased WoW by 1% to $5,937, which has been up by 118% since early May.
- Rate Changes:
- Transpacific: Rates unchanged WoW.
- Asia-Europe & Med: Rates up 2% WoW.
- Transatlantic: Rates down 1% WoW.
Market Dynamics:
- Supply and Demand: Strong demand persists, but increased supply on Transpacific routes (seven new services since May) has tempered potential rate increases.
- Route-Specific Issues:
- Asia-North Europe & Med: Port congestion and adverse weather drive rate increases.
- South Asia: Delays, backlogs, and equipment shortages, particularly of 40ft containers in Bangladesh, due to widespread congestion.
For detailed assessments and analysis by main trade and alliance, consider subscribing to our Container Capacity Weekly Insight. This includes port waiting time events for Los Angeles and Long Beach and year-on-year comparisons.
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Source: Drewry
