Weekly analysis: 07 August 2020

5 sailings have been withdrawn on the Transpacific, Transatlantic & Asia-North Europe/Mediterranean trades in week 36 (31 Aug – 6 Sept) out of 117 scheduled sailings, so just 4% of cancellations and continuation of the trend seen in August. 2M refrained from blanking during the first week of September, while The Alliance and Ocean Alliance have respectively cancelled 3 and 2 sailings.

The reduction of additional blanked sailings in August and first week of September comes a relief to the shippers, who struggled to secure space since the Covid-19 outbreak and the implementation of the cancelled sailings at an industrial scale.

Drewry urges shippers to consider the capacity and lead time effects and to select sailings based on the latest data and on the incidence of cancellations by alliance, by week.