Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
US blank sailings signal a substantial drop in shipping operations

US blank sailings signal a substantial drop in shipping operations

Posted on April 29, 2024   |  

The spot rates have shown a consistent decline over several months.

Shipping companies are presented with two options: increase blank sailings to stabilize spot pricing or capitalize on current rates despite the decline.

Despite the decrease, spot prices remain significantly higher than levels before the Red Sea crisis and the pandemic, potentially prompting increased cargo bookings.

Choosing not to blank sailings may yield short-term profits but could lead to further rate erosion in the long run.

Recent weeks have witnessed a notable decrease in blanked capacity on major trading routes such as Asia-North Europe and Asia-North America East Coasts.

A similar trend is observed on the Asia-Mediterranean route; however, Sea Intelligence suggests it is premature to determine if this signals a new trend or is part of regular volatility.



Previous Next