- Container Markets Shift as Rates Slide and Cancellations Rise.
- Blank Sailings Keep Capacity High While Strikes Add Fresh Delays.
- Carriers Monitor Possible Suez Return Amid Expanding Supply.
Over the weeks from 49-2025 to 01-2026, carriers have cancelled 56 out of 719 scheduled sailings, which is about 8% of all departures. The majority of these cancellations are happening on the Transpacific eastbound route, followed by Asia–Europe/Med and the Transatlantic westbound. However, it’s worth noting that 92% of departures are still expected to go ahead as planned, reports Drewry.
Rates Keep Dropping Across Major Trades
Global rate indicators are still feeling the pressure. According to Drewry’s latest index, rates have dipped by 2% week-on-week, now sitting at $1,806 for a 40ft container. Rates for Asia–Europe/Med have decreased by 1%, Transpacific rates have fallen by 5%, while Transatlantic rates saw a slight increase of 1%.
Blank Sailings Maintain High Supply Levels
Blank sailings continue to be the primary tool for managing supply. In November, there were 86 cancellations, which is just below the number from October, resulting in a 3% increase in capacity month-on-month. The early December schedules show 47 blank sailings and a projected 7% rise in capacity, keeping vessel supply elevated and making a near-term rate recovery less likely.
Strikes in Belgium Cause Further Disruptions
Recent labour strikes in Belgium have temporarily halted vessel operations and rail services, leading to new congestion. These delays are expected to carry over into next week as ports work to clear the backlogs.
Keeping an Eye on a Possible Return to the Suez Canal
There’s close monitoring of a potential return to the Suez Canal route, although the timelines are still uncertain. Any changes, whether gradual or complete, could significantly alter vessel flows and schedules based on how carriers handle the transition.
Market Wraps Up the Year on a Fragile Note
As the year comes to a close, the market finds itself at a crucial crossroads. Capacity is still on the rise, demand is inconsistent, and carriers are employing strategic measures to curb falling rates. For shippers, it’s crucial to stay proactive, secure space early, and keep an eye on market signals in an environment where things can shift quickly.
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Source: Drewry
