Container alliances reach 5% sailings cancellation rate

Drewry has announced that out of the total of 496 scheduled sailings across the major trades in Transpacific, Transatlantic and Asia-North Europe & Mediterranean, 24 cancelled sailings have been announced between weeks 31 and 34, representing a 5% cancellation rate.

Over the next 4 weeks, The Alliance, comprising Hapag-Lloyd, Ocean Network Express (ONE), Yang Ming and HMM, has announced 11.5 cancellations, followed by 2M Alliance of Maersk and MSC and Ocean Alliance, which includes CMA CGM, COSCO and Evergreen, with 7 and 5.5 cancellations, respectively, according to Drewry.

Additionally, the summer peak season is now adding further stress to an already overwhelmed supply chain.

“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,” noted Drewry.