With China’s Golden Week holiday on the horizon, Container xChange predicts blank sailing rates will jump to 16% during weeks 38 to 42 of this year, specifically on trade routes from Asia to Northern Europe as well as the Mediterranean.
The trend of blank sailing — when ocean carriers skip a drop-off in the middle of a fixed schedule — will continue to fluctuate throughout the remainder of the year, increasing in the coming weeks after experiencing a recent decline.
According to data for Container xChange, blank sailings peaked at 21% early on during the first few weeks of 2023, then remained low for the remainder of the year, falling to 4% during weeks 25 to 29, before jumping again to 7% during weeks 36 through 40.
Container xChange believes that ocean carriers will continue taking a cautious approach to shipping throughout the remainder of 2023.
“The continuous expansion of shipping capacity, driven by the introduction of new mega-vessels, is outstripping the existing demand, leading to considerable strain on already oversupplied trade lanes,” Container xChange said in its findings published September 20.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://www.supplychainbrain.com/articles/38135-blank-sailing-trends-will-fluctuate-throughout-the-remainder-of-2023
- :is
- 20
- 2023
- 25
- 29
- 36
- 40
- a
- After
- again
- already
- approach
- AS
- asia
- At
- before
- believes
- blank
- by
- Capacity
- carriers
- cautious
- China
- Chinas
- coming
- coming weeks
- considerable
- Container
- continue
- continuous
- data
- Decline
- Demand
- driven
- during
- Early
- Europe
- existing
- expansion
- experiencing
- Falling
- few
- findings
- First
- fixed
- fluctuate
- For
- from
- Golden
- Holiday
- horizon
- HTTPS
- in
- increasing
- Introduction
- ITS
- jpg
- jump
- leading
- Low
- Mediterranean
- Middle
- New
- ocean
- of
- on
- plato
- Plato Data Intelligence
- PlatoData
- Predicts
- published
- Rates
- recent
- remained
- Rise
- routes
- s
- Said
- sailing
- schedule
- September
- Shipping
- specifically
- taking
- that
- The
- then
- this
- this year
- Through
- throughout
- to
- trade
- Trend
- week
- Weeks
- WELL
- when
- will
- year
- zephyrnet