Danish maritime data analysts of Sea-Intelligence looked at the post-Golden week capacity deployment on Transpacific and Asia-Europe in the 42nd week of the year and saw significant overcapacity on both trades.
Absent any serious demand growth, the analysts expected that the carriers would announce a host of blank sailings to counteract this supply-side growth, but four weeks on, hardly any new blank sailings have been announced, and capacity growth for the remainder of 2023 is still quite...
https://container-news.com/running-out-of-time-to-bring-capacity-down-reports-sea-intelligence/