Alphaliner: Massive drop in demand kicks in

Container carriers on Asia-Europe are expected to almost half their capacities in the time around the Chinese New Year in February. In general, the outlook is particularly gloomy in the months to come, Alphaliner assesses.

Photo: World Maritime News

Rates on Asia-Europe will be put under a renewed pressure when the demand up to the Chinese New Year taking place on the 10 February will drop significantly. According to Alphaliner, carriers are expected to cancel at least 15 departures and reduce capacity with 20 and 47 percent respectively in the weeks 7 and 8.

In March, carriers will restart their ordinary weekly departures but the balance between supply and demand will most probably be further weakened, Alphaliner assesses. Alphaliner states, that the carriers are reluctant to carry out any meaningful reduction in the capacity on Asia-Europe, which would maintain the pressure on the rates.

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