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Container lines void more sailings in the third quarter

Two of the three major container shipping lines have started to void sailings into the third quarter in response to the slide in demand created by the coronavirus, reports Sea-Intelligence.

Photo: JASON REDMOND/REUTERS / X02204

Container shipping lines are now starting to void sailings in the third quarter in response to the dropping demand triggered by the coronavirus pandemic, according to Sea-Intelligence.

In recent weeks, the container lines have pulled an additional 15 percent of the capacity on the key tradelanes between Asia and Europe and the US, respectively. In total, a little less than four million teu have been pulled from the market.

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