Canceled Sailings Remain Low Despite Port Congestion

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  • 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

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