February saw the highest sailing cancellation rate since the COVID-19 outbreak. Photo: DrewryThe number of sailing cancellations has decreased between April and May by 12%, apart from the Transpacific trade, where there is a 32% increase in cancelled sailings.
This is according to maritime research consultancy Drewry, which has a cancelled sailings tracker and said that the practice of cancelling (blank) sailings on an industrial scale has been, since February, the strategy put in place by the carriers to address the huge volume drop across major container trades globally, since the outbreak of Covid-19.
Ports felt the impact of blank sailings in February, which saw the highest sailing cancellation rate since the COVID-19 outbreak, with a spike of 105 cancellations across Transpacific and Asia-North Europe & Mediterranean trades. The lowest was in March, with only 33 cancellations, representing a drop of 69% from the previous month.
The total sailings withdrawn on the Transpacific, Transatlantic & Asia-North Europe/Mediterranean trades in May 2020 is 82 out of 457 scheduled sailings for this period (18%).
The Alliance has the highest number of cancelled sailings during this period (34%), followed by 2M (30%) & Ocean Alliance (21%). The Transpacific Trade is the most affected by the reduction of capacity, with 45 blank sailings, which represents 55% of the total blank sailings in May, followed by Asia-North Europe & Mediterranean trade (34%), and Europe & Mediterranean-North America trade (11%).
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May 07, 2020 at 11:41PM
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Blank sailings down in May - Port Strategy
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