Volumes and sailings keep slipping
Carriers worldwide announced another 521,000 teu of blank sailings in the course of the calendar week 23, said Copenhagen-based maritime consultant Sea Intelligence, which is a 15% increase over the announcements made the week prior.
Accordingly, the six-week plateau during Q2/2020 is history now. The given intelligence proves that the total pandemic-induced blanked capacity amounts now to almost 4.0 million teu, "which is three times as much as the capacity reduced for the Chinese New Year in 2020".
Compared to the market situation by the end of May, there have been an additional 20 blank sailing announcements in Transpacific and 24 in Asia-Europe traffic. Furthermore, Container Trade Statistics (CTS) show that in April 2020 demand crumbled by 16.9% in comparison to April 2019.
In volumes, this corresponds to a global demand loss of 2.4 million teu in April 2020, and a demand loss of 4.4 million teu in the first four months of 2020. (mw)