According to Drewry’s Cancelled Sailings Tracker, shipping lines have started cancelling part of their scheduled sailings in the coming weeks.
- Around 10% of global scheduled sailings have been cancelled
- Most cancellations are on routes:
- Asia–Europe
- Asia–US
- Trans-Pacific
- Asia–Europe
What is a blank sailing?
A sailing that was originally scheduled but later cancelled by the carrier, usually due to:
A sailing that was originally scheduled but later cancelled by the carrier, usually due to:
- Weak demand
- Excess vessel capacity
- Capacity management to support freight rates
Impact on importers and exporters:
- Potential space constraints
- Changes in sailing schedules
- With steady demand, freight rates may stabilize or increase
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Nowlun Tip:
The market is currently in a capacity management phase rather than random operations. Shippers who closely monitor the market and plan their shipments early are better positioned to reduce risks and avoid potential delays.
Advance planning and continuous monitoring have become essential elements in making shipping decisions in the current market environment.
Are you ready to increase your savings from shipping rates?