ShippingWatch

SeaIntel: Blank sailings becoming less effective

The attempt by container carriers to raise rates on the Asia-Europe route by canceling ship departures is becoming less and less effective.

Photo: Hanjin

The route from Asia to North Europe, the key trade for the major container shipping carriers, is struggling with historically low rates, declining demand and huge overcapacity.

And now an otherwise effective weapon against the difficult market seems to be losing its edge - namely the capacity of carriers to cancel ship departures, or 'blank sailings' and thereby boost the announced rate increases (general rate increase – GRI), notes SeaIntel.

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