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Ocean carrier alliances are preparing to blank more than a third of their sailings from Asia over the coming weeks in response to a reduction in export freight, according to the latest report from Project44.
The blanking strategies by the alliances to mitigate the impact of the COVID lockdowns in China will further extend cargo lead times, particularly to North Europe.
The supply chain platform’s data shows that between weeks 17 to 23, THE Alliance will blank 33% of its scheduled sailings from Asia, the Ocean Alliance will void 37%, while the 2M alliance will cancel 39% of its headhaul voyages.
Read more in an article from gCaptain.