container-vessel

Container shipping line alliances have a 5% cancellation rate

 

Drewry announced that out of a total of 496 scheduled sailings on the main lines of the Trans-Pacific, Transatlantic, and Asia-North Europe & Mediterranean services, 24 sailings were canceled during the period. The period from week 31 to 34 was announced, accounting for a cancellation rate of 5%.

Drewry's weekly canceled sailings tracker shows canceled trains announced by each Container Shipping Union relative to the total number of scheduled sailings.

 

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Number of trains canceled compared to scheduled transfers (Image: Drewry)

 

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Ratio of canceled trains to scheduled transfers (Image: Drewry)

 

Over the next four weeks, The Alliance, including Hapag-Lloyd, ONE (Ocean Network Express), Yang Ming and HMM, announced 11.5 canceled sailings, followed by 2M Alliance consisting of Maersk and MSC with 7 sailings were cancelled, and the Ocean Alliance consisting of CMA CGM, COSCO and Evergreen had 5.5 sailings canceled, according to Drewry.

In addition, the peak summer season is now placing additional strain on an already overstretched supply chain.

Drewry notes: “With carriers cutting weekly contract allocations, shippers and BCO’s find themselves having to accept the very high rates and various additional premiums to stand any chance of their cargo being loaded on time".

 

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Source: Phaata.com (According to ContainerNews)

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