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.
