Cancelled Sailings Tracker

Across the major trades: Transpacific, Transatlantic and Asia-North Europe & Med, 105 cancelled sailings have been announced between weeks 48 (28 - 04 Dec) and week 52 (26 Dec - 01 Jan), out of a total of 725 scheduled sailings, representing 14% cancellation rate. During this period, 59% of the blank sailings will be occurring in the Transpacific Eastbound, 26% on Asia-North Europe and Med, and 15% on the Transatlantic Westbound trade.

Over the next five weeks, THE Alliance has announced 54.5 cancelations, followed by Ocean Alliance and 2M with 23.5 and 8 cancellations, respectively. During the same period 19 blank sailings have been implemented in non-Alliance services.

The shipping industry is moving into a ‘new phase’ as the pressure on spot rates from China has increased in the past few weeks with looming recession and reduced demand, causing rates to plunge close to pre-pandemic levels. Meanwhile, carriers continue their active capacity management strategy by announcing yet more blank sailings and suspending services to balance supply with demand. The latest suspension was announced by ZIM and 2M partners; from December they will wind up their Asia-ECNA loop known as ‘TP23’ or ‘Liberty service’.

While declining rates is excellent news for shippers, it remains important to establish and maintain good relationships with carriers to encourage higher service levels.

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