Sea Intelligence

Demand to slump more than 4% in 2020

Global demand will decline by more than 4% over the course of this year if normal services are restored as we head into the third quarter, from July onwards, according to the latest Sea-Intelligence Sunday Spotlight report.

Over recent weeks Sea-Intelligence has tracked the effects of the global pandemic on key markets, monitoring cuts in capacity and the demand for services. The latest analysis from the Danish consultancy will raise the expectation that the returns for shipping lines this year...

https://container-news.com/demand-to-slump-more-than-4-in-2020/

Blanked sailings rise more than 400% in a week

Over the course of the next few weeks carriers will know what kind of losses they will make over the course of the year, with further wide ranging capacity cuts meaning that rates will need to hold up if the carriers are to successfully manage their losses as a result of the Covid-19 crisis.

An increase in the number of cancelled sailings to 212 from 45 over the last week with the scope of the cancelled services stretching to the end of June, could prove costly if rates fall to 2009 levels,...

https://container-news.com/blanked-sailings-rise-more-than-400-in-a-week/

Lines slash 20% of Asia-Europe capacity

Shipping lines operating on the trades between Asia and Europe have announced 45 blank sailings within the last week with the 2M Alliance cutting its AE2/Swan and AE20/Dragon services, by itself the equivalent of 21% of the capacity on the routes.

Danish consultancy Sea-Intelligence in its weekly bulletin said the 2M Alliance’s announcement will take in the whole of the second quarter the Swan and Dragon services, though the alliance offered a caveat that should demand return earlier than...

https://container-news.com/lines-slash-20-of-asia-europe-capacity/

Lines race to reposition empties as China returns to work

The impact of the Covid-19 virus on the supply is waning fast according to Sea-Intelligence’s latest Spotlight newsletter, with the race now on to meet the expected increase in demand from China.

The incidence of new blank sailings is falling and the backhaul freight rates are beginning to increase as shipping lines prefer to reposition empties rather than concern themselves about the comparatively limited backhaul cargo.

Source: Sea-Intelligence.

“The bulk of the blank sailings were announced...

https://container-news.com/coronavirus-impact-is-subsiding-rapidly/

Catching the bug, carriers fight off COVID-19 crisis

Carriers are managing to avert financial crisis by maintaining rates as capacity management and shortages of equipment are forcing shippers to fight for space in the face of growing concerns for the global supply chain.

Denmark-based Sea-Intelligence issued a warning that carrier losses through the spread of the Coronavirus have now reached US$1.9 billion as the cancellation of sailings and events, such as the TPM conference in Long Beach are evidence of the spread of the virus and the mounting...

https://container-news.com/catching-the-bug-carriers-fight-off-covid-19-crisis/

Coronavirus may be costing container shipping lines $350m every week

Ocean carriers could be losing up to $350m on turnover every week, due to the coronavirus crisis.
The 2M alliance partners, Maersk and MSC,  today confirmed two further void sailings from North Europe to Asia – a knock-on effect of a raft of headhaul blankings which have threatened to stymie the supply chain for European exporters.
The 2M officially withdrew its AE2/Swan eastbound loop, with the Marseille Maersk vessel advertised to start loading …

The post Coronavirus may be costing container...

https://theloadstar.com/coronavirus-may-be-costing-container-shipping-lines-350m-every-week/

Shippers welcome plan for new index to improve liner reliability

Shanghai Shipping Exchange (SSE) and software solutions provider Cargosmart have teamed up to tackle vessel reliability concerns among shippers. 
They will work together to develop a new method of calculating schedule reliability on key tradelanes to help shippers optimise their supply chains.  
Vice president of SSE Yao Weifu said they aimed “to deliver a new shipping index that increases transparency to ocean carrier performance”. 
According to reports, global containership reliability hovers...

https://theloadstar.com/shippers-welcome-plan-for-new-index-to-improve-liner-reliability/

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