In order to mitigate the impact of epidemic prevention and control policies on their business, the three major alliances have taken measures to suspend flights.
The latest report released by Project44, a supply chain information tracking platform, shows that the three major shipping alliances will blank more than a third of their sailings from Asia in the coming weeks to cope with the reduction in export volume from Asia.
According to the report, the three major alliances have taken measures to suspend flights in order to mitigate the impact of epidemic prevention and control policies on their business, which may further extend the delivery time of goods, especially for voyages from Asia to Northern Europe.
The data shows that during the 17th to 23rd week, THE Alliance will cancel 33% of Asia voyages, Ocean Alliance will cancel 37% of Asia voyages, and 2M Alliance will cancel 39% of Asia head-leg voyages.
Mediterranean Shipping Company recently announced that the voyage on the 2M Alliance's Silk/AE10 Asia-North Europe route, originally scheduled for early June and operated by the 18,340TEU "Mathilde Maersk", will be cancelled due to the "challenging market environment."
Project44 also predicts that the 2M Alliance will cancel more sailings in the coming weeks.
In terms of port congestion, data from Project44 showed that the detention time of imported containers at Shanghai Port peaked at the end of April, while the detention time of export containers remained relatively stable.
Project44 further explained that the long detention time of import containers is mainly due to the shortage of truck drivers, which makes it impossible to deliver containers to the port. The decline in export volume has shortened the detention time of export containers.
According to an announcement released by Maersk on May 9, the problem of excessive density of refrigerated storage yards in Shanghai Port has gradually eased, and the company will resume accepting bookings for refrigerated containers in Shanghai.
Reduced export volumes and the resulting sailing cancellations will further increase delivery times from Asia to Northern Europe.
Data from Project44 shows that in the past year, the delivery time of goods from China to Northern Europe and the UK increased by 20% and 27% respectively.
A British freight forwarding company recently said that its cargo shipped to Felixstowe, Southampton and London was often unloaded to other ports in Europe without any proper transshipment plan.
This was also confirmed by another freight forwarding company, which said that two containers it shipped from Asia to Europe were delayed for more than a month at European ports.
Original text: https://mp.weixin.qq.com/s/Xagw0Zf1LUmHpj6Hl9WNCA
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