The three major alliances cancelled 41 flights, 71% on trans-Pacific routes! Space is still tight!

        According to THE latest data released by Drury on December 10th, in THE next 4 weeks (50-1 week), THE three major shipping alliances in THE world cancelled multiple voyages successively, among which THE alliance cancelled 19 voyages THE most. 2M alliance reached 7 voyages; The fewest sea Alliance cancels 5 sailings.

        Nordic ports have been badly affected by the drop in stops in the three major alliances over the past five months, particularly felixstowe, Rotterdam, Hamburg and Antwerp. Poor communication by shipping companies has been a major problem, resulting in importers being unable to keep up with information about their cargoes, which are often unloaded at ports other than the original shipping schedule, and exporters suffering delays and additional dock storage charges while waiting for the next available voyage. (Port congestion, cancel a quarter of the asia-Europe route booked port call, freight continues to rise, the crisis is still not over)

        On December 6, the ports of Los Angeles and Long Beach announced a fourth postponement of the collection of “container overstay fees” from shipping lines, tentatively scheduled for December 13. The ports of Los Angeles and Long Beach further reported that the number of stranded containers at the ports of Los Angeles and Long Beach has decreased by a total of 37 percent since the fees were announced. The ports of Los Angeles and Long Beach decided to delay the fees again, after the policy had reduced the number of stranded containers. Meanwhile, the ports of Los Angeles and Long Beach will continue daily monitoring of how long imported containers stay at terminals until December 13.

        Port congestion is a global phenomenon, causing major delays and forcing carriers to jump ports, particularly in Europe, while imports from Asia are expected to remain strong until January 22.

        Out of a total of 552 scheduled sailings on major trans-Pacific, trans-Atlantic, Asia-Northern Europe and Asia-Mediterranean routes, 41 sailings were cancelled between week 50 and the first week of next year, a cancellation rate of 7 percent. According to Drury’s latest figures, 71 per cent of all blank voyages during this period will take place on trans-Pacific eastbound trade routes, mainly to America’s West coast.

        Xeneta CEO Patrik Berglund noted today that a perfect storm of continued high demand, maximized cargo volumes, still congested ports, changing consumer habits and widespread supply chain disruptions is driving a surge in shipping costs, the likes of which we have never seen before. The personage inside course of study says, after shipping prices were down does not mean that the export scale will be weaker in the short term, on the one hand, a drop in prices in the secondary market, in the primary market of container freight, shipping companies and their direct agent (forwarder) level in quotation is still strong, still significantly higher than the level before the outbreak, The demand side of the shipping market remains generally strong. On the other hand, since September, the supply situation of global shipping has gradually improved and supported exports to a certain extent. The market’s expectation that this improvement will continue is an important reason for freight forwarders to lower prices in the secondary market of shipping. The latest data show that the related indices reflecting freight rates continue to rise, from the side to confirm that the demand for freight is still strong. Although port congestion has eased, but the demand for centralized transportation is at a high level. In addition, the emergence of the new strain of “Omicron” has intensified concerns about the recovery of the global economy. Some industry insiders believe that the epidemic will benefit freight rates, and high freight rates may continue in the short term.

Article source：Shipping network