Originally Published at www.drewry.co.uk
In their weekly cancelled sailing and waiting time report for 31st July, Drewry indicated that only 20 sailings have been withdrawn on the Transpacific, Transatlantic & Asia-North Europe/Mediterranean trades in August ’20 out of a total 468 scheduled sailings – representing just 4% cancellations; this is the lowest level since the Covid-19 outbreak. The Alliance and Ocean Alliance have respectively blanked 9 and 5 sailings, while 2M has blanked only 2.
The reduction of additional blanked sailings in August suggests carriers have reached a balance between capacity deployed and demand, and have more confidence in near term bookings.
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.