As Covid-19 continues to disrupt markets around the world, ocean carriers are reducing capacity and sailing speeds. With sailing options reduced, especially on Asia-Europe routes, lead times are likely to increase as shippers look for ways to optimise supply chains.
Stolt Tank Containers (STC) noted that May saw blanked capacity equal to the levels experienced back in February right after Chinese New Year. In May, more than 500,000TEU of weekly global head haul capacity (21% of the total) was...