- Between December 16, 2024, and January 19, 2025, 82 out of 722 scheduled sailings in the key East-West trade lanes have been cancelled.
- Drewry’s WCI Composite Index as of December 12 is $3,529 per 40ft container.
- The Premier Alliance’s marketing campaign has been postponed due to a U.S. Federal Maritime Commission review.
The weekly Cancelled Sailings Tracker for December 13, 2024, reports an 11% cancellation rate for East-West trade lanes over the coming weeks, impacting Transpacific, Transatlantic, and Asia-North Europe/Med routes. Drewry’s latest freight rate index shows mixed trends, while regulatory reviews delay the Premier Alliance’s marketing launch, reports Drewry.
Weekly Analysis: Cancelled Sailings Snapshot
From December 16, 2024, to January 19, 2025, 82 out of 722 scheduled sailings on major East-West trade routes have been canceled, representing an 11% cancellation rate.
Transpacific Eastbound routes account for 52% of cancellations, followed by Transatlantic Westbound (33%) and Asia-North Europe/Med (15%).
Carrier-Specific Cancellations
Over the next five weeks, THE Alliance will cancel 17 sailings, while OCEAN Alliance and 2M plan 14 cancellations each.
Non-Alliance services contribute 37 blank sailings during this period, highlighting potential declines in schedule reliability.
Freight Rate Trends: December 2024
Drewry’s WCI Composite Index, at $3,529 per 40ft container, shows a 1% rate increase on Asia-North Europe/Med routes, counterbalanced by a 1% decline on Transpacific EB and Transatlantic WB lanes.
GRIs planned for mid-December may face slow traction due to seasonal demand delays.
Premier Alliance Marketing Campaign Delayed
The launch of the Premier Alliance’s marketing efforts has been deferred following a request for additional information from the U.S.
Federal Maritime Commission. Campaign activities are now anticipated to begin in late December, pending regulatory approval.
Advisory Support for Shippers
Drewry offers comprehensive advisory services, including freight rate forecasts, contract advice, and surcharge insights, tailored to assist shippers in navigating ongoing challenges, including those in the Red Sea region.
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Source: Drewry
