{"id":878,"date":"2020-04-15T12:20:29","date_gmt":"2020-04-15T12:20:29","guid":{"rendered":"https:\/\/phoenixglobalgroup.com\/?p=878"},"modified":"2024-02-27T09:52:08","modified_gmt":"2024-02-27T09:52:08","slug":"capacity-withdrawn-by-asia-europe-transpacific-carriers-reaches-3m-teu","status":"publish","type":"post","link":"https:\/\/phoenixglobalgroup.com\/el\/nea\/capacity-withdrawn-by-asia-europe-transpacific-carriers-reaches-3m-teu\/","title":{"rendered":"Capacity withdrawn by Asia-Europe &#038; Transpacific carriers, reaches 3m teu"},"content":{"rendered":"<div class=\"news-short\">\n<div style=\"text-align: justify;\">\n<div class=\"news-short\">\n<div class=\"news-short\">\n<div class=\"news-short\">\n<div class=\"news-short\">\n<div class=\"news-short\">\n<div class=\"news-short\">\n<div class=\"news-short\">\n<div class=\"news-short\">\n<div class=\"news-short\">\n<div>\n<p>By Mike Wackett 14\/04\/2020<\/p>\n<p>Headhaul capacity withdrawn by Asia-Europe and transpacific carriers has reached 3m teu, according to a survey by Sea-Intelligence.<\/p>\n<p>The consultant notes that the total capacity removed from the tradelanes due to the coronavirus pandemic is 2.4 times higher than the norm in the post-Chinese New Year slack period.<\/p>\n<p>As of 11 April, Sea-Intelligence reports that 384 sailings have been blanked across various deepsea trades, with another 83 cancelled by carriers in the past week alone.<\/p>\n<p>The consultant estimates the industry is facing a decline in demand of some 6.4m teu globally, as a consequence of the consumer lockdowns and restrictions now impacting half of the world\u2019s population.<\/p>\n<p>\u201cIf the world returns to normal after the second quarter, and the carriers do not cancel any further sailings \u2013 which appears quite unlikely, this would still lead to a demand decline for 2020 of 4%,\u201d said Sea-Intelligence chief executive Alan Murphy.<\/p>\n<p>Indeed, one Asia-North Europe carrier told The Loadstar there would have to be \u201cmany more blankings\u201d to adjust demand to supply, adding: \u201cThe booking cancellations are massive. If we leave it as it is now, the remaining ships will be half full at best.\u201d<\/p>\n<p>According to eeSEA data, the Ocean Alliance has so far recorded the most headhaul capacity withdrawal, in percentage terms, for Asia-North Europe for next month: 19% of its proforma total, compared with the 2M\u2019s 18% and THE Alliance\u2019s 14%.<\/p>\n<p>And the situation remains \u201cvery fluid\u201d, according to one UK-based NVOCC, with announcements of more blanked sailings coming out almost every day.<\/p>\n<p>\u201cWe have almost given up tracking,\u201d he said, \u201cand I don\u2019t think the carriers\u2019 local offices really know what is going on either. And you can forget getting any exports away anytime soon; we have had numerous vessel name changes for one shipment stuck at Felixstowe and we still don\u2019t know when it will be going.\u201d<\/p>\n<p>The Loadstar understands that, apart from preparing to announce more blank sailings, several carriers are now considering routing some ships via the Cape of Good Hope for both head and backhaul, effectively taking out more capacity, due to the extended transit times, and saving Suez Canal tolls \u2013 up to $750,000 for a 24,000 teu ULCV \u2013 and taking advantage of cheap bunker prices.<\/p>\n<p>And many shippers are in no hurry to receive loaded containers in Europe, due to Covid-19 movement restrictions and a shortage of storage capacity.<br \/>\nMoreover, instructions have been given to carriers to off-hire as much tonnage as possible and not to charter-in ships without obtaining top management approval.<\/p>\n<p>Source:<br \/>\n<u>https:\/\/theloadstar.com\/capacity-axed-by-carriers-on-asia-europe-and-transpacific-tops-3m-teu\u00a0 \u00a0<\/u><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Mike Wackett 14\/04\/2020 Headhaul capacity withdrawn by Asia-Europe and transpacific carriers has reached 3m teu,<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[30],"class_list":["post-878","post","type-post","status-publish","format-standard","hentry","category-nea","tag-2020-el"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Capacity withdrawn by Asia-Europe &amp; 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