-0.1 C
Hamburg
Friday, February 14, 2025
Home Services Blank Sailings THE Alliance leads blank sailing race

THE Alliance leads blank sailing race

Drewry has published the weekly Cancelled Sailings Tracker service which provides a snapshot of cancelled sailings announced by each container shipping alliance against the total number of scheduled sailings.

During the eighth week (20 February – 26 February) and the 12th week (20 March – 26 March) of the year, 71 cancelled sailings were announced throughout the Transpacific, Transatlantic, and Asia-North Europe & Mediterranean trades, indicating a 10% cancellation rate.

According to Drewry’s report, 65% of the blank sailings will be in the Transpacific Eastbound traffic, 28% in Asia-North Europe and the Mediterranean, and 7% in the Transatlantic Westbound trade.

The Drewry shipping analysts said THE Alliance (Hapag-Lloyd, Yang Ming, ONE and HMM) has announced 43 cancellations for the next five weeks, followed by OCEAN Alliance (CMA CGM, COSCO, Evergreen and OOCL) and 2M (MSC and Maersk) with 12 and 4 cancellations, respectively. Meanwhile, 12 blank sailings were deployed in non-alliance services over the same period of time.

Drewry noted that attempts of the ocean carriers to align supply with demand have failed to reverse the decline in spot rates in a market where East-West load factors also continue to weaken.

Following the period of extensive blank sailings and service suspensions over Chinese New Year (21 January – 20 February), there will be fewer cancelled sailings in March than seen over the July 2022-February 2023 period, resulting in more capacity being released., according to the report.

Drewry said that between the eighth and the twelfth weeks of the year, only 71 cancellations have been announced, compared to 171 between the fourth and the eighth weeks of 2023.





Latest Posts

Weekly Update: Container Shipping Stock Highlights

The container shipping market saw a dynamic week, marked by notable fluctuations in stock performance among key players. Factors such as tariffs, political tensions,...

CMA CGM revamps Bora Med Service with new calls at Syrian ports

CMA CGM’s Short Sea Lines Division announced the reshuffling of the Bora Med Service (BMS) with the inclusion of Syrian ports in the rotation. The...

AI-Generated Magic of Valentine’s Day Logistics

Welcome to a delightful gallery of AI-generated images capturing the magic of Valentine's Day logistics! From charming containers brimming with colorful candies to elegantly...

Gebrüder Weiss enhances presence in US with new Arizona facility

Gebrüder Weiss has announced the launch of a new facility in Phoenix, Arizona, as part of its ongoing expansion in the United States. This location...

DP World Sokhna completes first passenger vehicle export shipment

In a significant boost to Egypt's automotive industry, DP World has successfully managed the first-ever export shipment of passenger vehicles from Ain Sokhna Port. The...
error: Content is protected !!