Our weekly Cancelled Sailings Tracker provides a snapshot of blank sailings announced by each Alliance versus the total number of scheduled sailings.
Further to the snapshot below, you may be interested in an annual subscription to our Cancelled Sailing Weekly Insight which provides detailed assessments and analysis by main trade and alliance. Weekly reports include port waiting time events for Los Angeles and Long Beach, and year-on-year comparison.
Weekly analysis: 27 August 2021
Across the major trades: Transpacific, Transatlantic and Asia-North Europe & Med, 17 cancelled sailings have been announced between weeks 35 and 38, out of a total of 504 scheduled sailings, representing a 3% cancellation rate.
Over the next 4 weeks The Alliance has announced 9 cancellations, followed by Ocean Alliance with 7 cancellations.
The Meishan Island International Container Terminal (MSICT) at Ningbo-Zhoushan port, which was partially closed last week, resumed operations on Wednesday, 25 August.
The ripple effect of the partial closure of one of China’s largest ports will extend far beyond the nearby ports of Shanghai and Hong Kong, where port congestion has spiked these last 2 weeks, to the rest of the world and the main US West Coast gateways in particular.
As a result of ongoing port congestion around the world; backlogs, delays and shortages of equipment are increasing further, while ocean spot rates continue to hold their extreme levels.
While cargo owners and freight forwarders struggle to deal with the delays and operational disruption, many small shippers are simply finding the persistently high spot rates unsustainable.
Source: Drewry