Shipping Industry Facing Historic Capacity Crunch Due To Blank Sailings

Freight forwarders to Asia facing tightest capacity crunches due to labor shortage.
CMA CGM is set to blank 23 North Europe-Asia sailings from now until 2 June.
It is due to recent demand slowdown in the context of the coronavirus situation.
An emergency space surcharge of €50 per 20ft and €100 per 40ft has been imposed.
It is for all shipments from North Europe, UK and Scandinavian ports to all Mediterranean and North African ports.
Many carriers have declared the situation as a force majeure...