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Ocean carriers to increase blank sailings in October due to volatile market conditions

Ocean carriers to increase blank sailings in October due to volatile market conditions

Posted on October 10, 2022   |  

  • Carriers plan to lower the capacity for Asia to North America West Coast trade routes by 24% and up to 29% in the weeks.
  • In 2022, carriers can blank more sailing than usual due to stalled demand, lack of fully utilized vessels, and falling freight rates.
  • Carriers prefer blank sailings for matching supply with demand but for much of 2020 and 2021, carriers struggled to maintain capacity in line with the stresses of demand.
  • For Asian exports, weaker demand is expected due to rising inflation and the consumer shift from goods to services in big Western economies.