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Logistics Executive Briefing
Maritime Financial Research

Carriers will not cancel “cancelled sailings”

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2020 may come to be referred to as the year of the cancelled sailing. Should shippers and forwarders expect more of the same in 2021?

Carriers continue to carefully adjust their sailing schedules to meet demand and we expect the practice to continue well into next year.

 

In the period April-October 2020, there were 150 cancelled sailings in the transpacific trade route alone, an increase of 117% over the same period in 2019. In November 2020, the number fell when compared with 2019.

Figure 1: Asia-ECNA Transpacific cancelled sailings (2019 vs 2020, by month)

Figure 1: Asia-ECNA Transpacific cancelled sailings (2019 vs 2020, by month)

Figure 2: Asia-WCNA Transpacific cancelled sailings (2019 vs 2020, by month)

Figure 2: Asia-WCNA Transpacific cancelled sailings (2019 vs 2020, by month)

As a Drewry shipper customer commented, referring to the now widespread practice of cancelled sailings: “In 2020, the ocean carriers have found a magic sauce; why should they change now?”

 

With services therefore likely to remain changeable, having access to a regularly updated picture of both service and capacity availability is more important than ever.

 

The volatility in schedules this year prompted us to introduce the Cancelled Sailings Weekly Insight. Should you be interested in this service, we'd be delighted to provide you with access to a free evaluation copy of the report now available.

 

Each weekly insight includes a forward picture of anticipated blank vs scheduled sailings, market development and year-on-year comparisons - broken down by alliance and by the main trades. Furthermore, weekly reports give an assessment for how the capacity deployed in each trade is impacting ocean freight rates.

 

To find out more about annual subscription to this service, visit the product page on our website or contact us at supplychains@drewry.co.uk.

 

N.B. Each weekly report is accompanied by report tables, charts and graphs in MS Excel format. Discounts are available to clients of our ocean freight cost benchmarking services.

 

Contact

Philip Damas

Philip Damas

Director, Head of Drewry Supply Chain Advisors

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