72 Voyages Cancelled! The Shipping Company Issued A Port Jump Notice, Involving Shanghai/Ningbo/Yantian/Shekou

Weekly voyage tracking data released by Drewry shows 72 of the 725 scheduled sailings between Weeks 16 and 20 on major routes such as the Trans-Pacific, Trans-Atlantic, Asia-Nordic and Asia-Mediterranean. Voyage was cancelled. 58% of these blank sailings will occur on the trans-Pacific eastbound trade routes, mainly to the West America.

In the 5 weeks from the 16th to the 20th week, THE Alliance has announced the cancellation of 25 scheduled voyages, followed by the 2M Alliance and the Ocean Alliance, which cancelled 17 and 12 scheduled voyages respectively.

Drewry said that the epidemic prevention and control is putting pressure on the already stretched supply chain, and shipping companies have begun to jump to Shanghai in some routes.

Congestion at high-throughput ports has increased again, especially in the U.S., where imports have shifted from the West to the East. Many shippers are now focusing on Gulf routes and transferring cargo to the Port of Houston. Supply chain planning has become more challenging for shippers during such a time of market uncertainty as port productivity levels continue to change.

In addition, Drewry's latest composite World Container Index fell 1.2% to $7,945.31/FEU in this issue, but was still 62% higher than the same period last year.

According to the Drewry Freight Index, the freight rate of Shanghai-Rotterdam decreased by 2% to USD 10,577/FEU; the freight rates of Shanghai-Los Angeles and Shanghai-New York did not change much compared with the previous two weeks, at USD 8,782/FEU and USD 8,782 respectively. $11,353/FEU. Drewry expects spot freight rates to remain stable in the coming weeks.