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Cancelled post-Chinese New Year capacity up 50pc in transpacific trades
CANCELLED sailings - or rather the tonnage they represent - in the fortnight after Chinese New Year on the China-to-North America run increased 50 per cent year on year with 188,592 TEU being withdrawn, according to BlueWater Reporting.
Although the number of blanked sailings was the same, it is clear that larger containerships are scheduled to be withdrawn during, and post-Chinese New Year 2017.
Also this year, Chinese New Year fell on January 28, with blanked sailings most prominent between January 29 and February 12. In 2016, the holiday landed on February 8, with blanked sailings mostly occurring between February 7 and February 20.
Even with a similar amount of capacity withdrawn, because of the reduced capacity deployed on the trade this year, there will be a weekly average of 36 per cent cut from total operating capacity versus 31 per cent from last year.
Although the number of blanked sailings was the same, it is clear that larger containerships are scheduled to be withdrawn during, and post-Chinese New Year 2017.
Also this year, Chinese New Year fell on January 28, with blanked sailings most prominent between January 29 and February 12. In 2016, the holiday landed on February 8, with blanked sailings mostly occurring between February 7 and February 20.
Even with a similar amount of capacity withdrawn, because of the reduced capacity deployed on the trade this year, there will be a weekly average of 36 per cent cut from total operating capacity versus 31 per cent from last year.
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