Growing demand for space pushes carriers to reinstate blanked voyages from Asia to US

As demand for container shipping appears set to increase, the top priority for shippers is securing space on vessels and container equipment, according to a new survey of European Shippers’ Council members.

The survey, conducted in conjunction with Drewry Supply Chain Advisors, also found shippers were becoming increasing nervous about the financial position of their transport providers.

Philip Damas, head of the logistics practice at Drewry, said: “These are key factors of carrier and forwarder selection, particularly in today’s disrupted market, but also in the next year as, and when, ocean-borne volumes recover.”

Clearly, part of the concern is the dramatic cuts in capacity since the onset of the coronavirus pandemic, with hundreds of sailings across the main east-west and larger north-south trades blanked, often at short notice of four-to-six weeks.

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Source: The Loadstar -20/05/2020

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