Across the major East-West headhaul trades: Transpacific, Transatlantic and Asia-North Europe & Med, 100 cancelled sailings have been announced between week 07 (19 Feb-26 Feb) and week 11 (11 Mar-17 Mar), out of a total of 650 scheduled sailings, representing 15% cancellation rate.
During this period, 56% of the blank sailings will occur on the Transpacific Eastbound, 37% on the Asia-North Europe and Med, and 7% on the Transatlantic Westbound trade.
Over the next five weeks, OCEAN Alliance have announced 35 cancellations, followed by 2M and THE Alliance with 23 and 22 cancellations, respectively. During the same period, 21 blank sailings have been implemented by non-Alliance services.
As can be seen above, it is projected that 85% of ships will adhere to their scheduled sailings over the five weeks.
On the ocean freight side, Drewry’s World Container Index contracted by 1% WoW to $3,786 per 40ft dry container, marking the second consecutive weekly decline.
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Source : Drewry
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