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Blank sailings increase on Asia-Europe; freight rates decline

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Logistics Update Africa News
Blank sailings increase on Asia-Europe; freight rates decline

 There is an increasing trend of blank sailings in Asia-North Europe, according to the latest analysis by Sea-Intelligence. "While the number itself appears relatively low, we need to keep in mind that the baseline number of regular scheduled services per week is currently 19," says Alan Murphy, CEO, Sea-Intelligence. "Starting from week 1 in 2022, we have calculated the number of planned blank sailings in the coming eight weeks. In the subsequent week, we have calculated the number of planned blank sailings in the same 8-week period, which then allows us to calculate the change from week 1 to 2. The result of this is very volatile, as vessels can slide back and forth between weeks. To compensate for this, we took a 2-week rolling average."


For the Asia-Mediterranean, "we see quite the opposite. There was an increasing trend in March 2022, which reversed in the following weeks, and now there is a behaviour towards no additional blanking activity. This is perhaps a reason why the rate levels have held up more firmly on Asia-Mediterranean than on Asia-North Europe." On the Asia-North America West Coast, there was a spike in the early part of the year due to Chinese New Year, the analysis said. "In recent weeks, changes made by the carriers on a weekly basis have remained rather stable. We see a similar case on Asia-North America East Coast, with the only difference being that the spike came a little later than on Asia-North America West Coast."


Read more...www.logupdateafrica.com

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