Our new, weekly Cancelled Sailings Tracker provides a snapshot of monthly blank sailings announced by each Alliance against the total number of scheduled sailings.
We are now combining more detailed global port Waiting Time and Cancelled Sailing data in a complimentary weekly report, for subscribers of our container and port sector research services.
14 sailings have been withdrawn on the Transpacific, Transatlantic & Asia-North Europe/Mediterranean trades in week 24 (14-21 Jun 2020), bringing the total blank sailings for the first three weeks of June to 49 as opposed to 348 scheduled sailings for the same period (12%).
The trend seen in May continues in Junes’20, where the Transpacific trade remains the most affected by the reduction of scheduled sailings (55%), followed by the Asia-North Europe/Mediterranean trades (29%), and the Transatlantic (16%).
During the first three weeks of June the Alliance and 2M have the highest number of cancelled sailings (41%), followed by Ocean Alliance (12%).
Overall the proportion of sailing cancellations is expected to decrease to 12% in the first three weeks of June’20, from 19% in May. This will ease the chronic problems faced by shippers and forwarders in recent months.
Drewry urges shippers to consider the capacity and lead time effects and to select sailings based on the latest data on the incidence of cancellations by alliance and by week.
The combined weekly report includes waiting times against 44 global ports and cancelled sailings by the main alliances by trade route (with weekly and monthly breakdown). Trade routes covered:
For further information on access to the combined Waiting Time and Cancellations report and/or our ocean freight research services, contact us at firstname.lastname@example.org
IMO 2020 BAF Tracker: We’ve introduced a simple, clear indexing mechanism to help determine changes in the BAF charges during the lifetime of a contract.
Global Port Throughput: Every month we publish global Port Throughput Indices - a series of volume growth/decline indices based on monthly throughput data for a sample of over 220 ports worldwide.