Widespread shutdown, 94 sailings cancelled in the next five weeks! Shipping company issued voyage Adjustment and cancellation Notice (with summary of stoppage)

Amid weak demand, a sharp drop in spot freight rates and persistent port congestion, shipping companies have recently canceled several voyages on major trans-Pacific, Asia-Europe and other routes.

According to Drewry's latest statistics, on major routes such as Trans-Pacific, Asia to Northern Europe and the Mediterranean, 94 out of 748 scheduled voyages were cancelled during the 37th and 41st week, a cancellation rate of 13%. Sixty-four percent of the blank voyages will occur on trans-Pacific eastbound routes and 23 percent on Asia-Europe and Mediterranean routes. During this period, THE three major alliances cancelled a total of 79 voyages, with the 2M Alliance cancelling 31, The Alliance and the Ocean Alliance cancelling 26.5 and 21.5 respectively.