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Blanked Chinese New Year sailings are far lower than 2015-2017

CURRENTLY capacity reductions by container shipping lines over the Chinese New Year (CNY) will fall well short of the numbers seen between 2015 and 2017, according to review of planned blank sailings by SeaIntel Maritime Analysis.

The company said in a statement that the Asia to North America west coast trade lane is currently slated to see just 6.2 per cent of total capacity blanked over the three-week CNY period, whereas it was 14.7 per cent, 15.3 per cent and 35.3 per cent in 2017, 2016 and 2015, respectively.

If the 2017 level of CNY blank sailings are to be reached, an additional 77,500 TEU or 10 average-sized sailings would need to be blanked in the coming weeks.

Planned capacity reductions in 2018 on the Asia to North America east coast trade lane are currently 5.4 per cent, compared to 10.4 per cent in 2017, 13.6 per cent in 2016, and 13.3 per cent in 2015.

This means that to achieve the 2017 level of blanking, an additional 21,500 TEU or three average-sized sailings need to be removed.

On the Asia to North Europe trades, at present 6.1 per cent of the deployed capacity is scheduled to be blanked, compared to 18.4 per cent in 2017, 29 per cent in 2016, and 23.9 per cent in 2015.

To reach a level of blank sailings similar to 2017, an additional 99,500 TEU or seven average-sized sailings need to be blanked.

On Asia to Mediterranean, 11.3 per cent of capacity is planned to be cut in 2018, while the number was 12.9 per cent in 2017, 23.1 per cent in 2016, and 30.6 per cent in 2015.

An additional 7,000 TEU needs to be blanked to match the 2017's reduction in capacity.
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