- The latest Cancelled Sailings Tracker shows a minimal disruption (7%) on major East-West shipping routes for the next five weeks.
- However, port congestion persists, causing schedule delays and potentially keeping freight rates high.
Drewry Maritime Research provides a weekly update on canceled sailings across major East-West shipping routes. This report offers insights into blank sailings (canceled voyages) announced by shipping alliances.
Low Cancellation Rate
Only 7% of scheduled sailings (49 out of 655) have been canceled for the next five weeks (between June 10th and July 14th) across Transpacific, Transatlantic, and Asia-North Europe & Med routes.
Regional Breakdown
Most blank sailings (53%) are expected on Transpacific Eastbound routes, followed by Asia-North Europe & Med (29%) and Transatlantic Westbound (18%).
Alliance Cancellations
OCEAN Alliance leads with 15 cancellations, followed by 2M and THE Alliance with 8 each. Non-alliance services account for 18 blank sailings.
High Scheduled Capacity
Despite cancellations, over 93% of scheduled ships are still expected to sail during the next five weeks.
Impact of Port Congestion
- Continued congestion, particularly in Singapore, has led to increased freight rates. Drewry’s WCI Composite Index jumped 12% to $4,716 per container.
- Carriers skipped port calls in Singapore due to congestion, impacting downstream ports like Port Klang, which is now experiencing its congestion issues.
- Equipment shortages and capacity constraints are expected to keep freight rates elevated shortly.
Drewry offers a range of services to support shippers navigating challenges like the Red Sea crisis, including contract advice, freight rate forecasts, and surcharge insights.
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Source: Drewry
