{"id":1579,"date":"2024-08-27T15:12:23","date_gmt":"2024-08-27T20:12:23","guid":{"rendered":"https:\/\/www.ifssac.com\/blog\/?p=1579"},"modified":"2024-08-27T15:13:21","modified_gmt":"2024-08-27T20:13:21","slug":"37-trips-expected-to-be-canceled-in-the-next-four-weeks","status":"publish","type":"post","link":"https:\/\/www.ifssac.com\/blog\/en\/37-trips-expected-to-be-canceled-in-the-next-four-weeks\/","title":{"rendered":"37 Trips expected to be canceled in the next four weeks"},"content":{"rendered":"\n<p>According to an analysis by <strong>Drewry<\/strong>, the canceled trips for the upcoming four weeks will amount to 37 blank sailings out of a total of 696 scheduled departures. On average, it is expected that 95% of vessels will start their journeys as planned.<\/p>\n\n\n\n<p>The consultancy indicated that between week 34 (August 19 to 25) and week 38 (September 16 to 22), the major routes\u2014namely Transpacific, Transatlantic, and Asia-North Europe and Mediterranean\u2014will see a 5% cancellation rate of total departures.<\/p>\n\n\n\n<p>During this period, 70% of the blank sailings will occur in Transpacific eastbound traffic, 22% in Transatlantic westbound traffic, and 8% in the Asia-North Europe and Mediterranean route.<\/p>\n\n\n\n<p>Additionally, for the next five weeks, <strong>THE Alliance<\/strong> has announced 10 cancellations, followed by <strong>OCEAN Alliance<\/strong> and <strong>2M <\/strong>with 5 and 3 cancellations, respectively. During the same period, 17 blank sailings will be implemented on services that do not belong to any alliance.<\/p>\n\n\n\n<p>The current expected decrease in blank sailings on major East-West routes (from 105 in weeks 29 to 33 to 37 in weeks 34 to 38) suggests a possible stabilization and eventual decrease in maritime shipping rates due to low demand and available supply,\u201d reported Drewry.<\/p>\n\n\n\n<p>\u201cThis trend is already reflected in the market, as demonstrated by the Drewry WCI composite index, which fell 2% weekly to $5,428 on August 14, representing a 7% decrease since the end of July. Rates on Transpacific and Asia-North Europe\/Mediterranean routes have also dropped by 2%, while Transatlantic rates remained unchanged, reinforcing the expected impact on rates,\u201d added.<\/p>\n\n\n\n<p>Meanwhile, U.S. ports are preparing for possible disruptions due to a potential industrial action by the <strong>International Longshoremen&#8217;s Association (ILA)<\/strong>, as negotiations with <strong>USMX<\/strong> over wage increases, job security, and automation reach a critical point.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to an analysis by Drewry, the canceled trips for the upcoming four weeks will amount to 37 blank sailings out of a total of 696 scheduled departures. On average, it is expected that 95% of vessels will start their journeys as planned. The consultancy indicated that between week 34 (August 19 to 25) and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1580,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[925],"class_list":["post-1579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ocean-cargo","tag-ocean-cargo"],"lang":"en","translations":{"en":1579},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/www.ifssac.com\/blog\/wp-json\/wp\/v2\/posts\/1579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ifssac.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ifssac.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ifssac.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ifssac.com\/blog\/wp-json\/wp\/v2\/comments?post=1579"}],"version-history":[{"count":1,"href":"https:\/\/www.ifssac.com\/blog\/wp-json\/wp\/v2\/posts\/1579\/revisions"}],"predecessor-version":[{"id":1582,"href":"https:\/\/www.ifssac.com\/blog\/wp-json\/wp\/v2\/posts\/1579\/revisions\/1582"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ifssac.com\/blog\/wp-json\/wp\/v2\/media\/1580"}],"wp:attachment":[{"href":"https:\/\/www.ifssac.com\/blog\/wp-json\/wp\/v2\/media?parent=1579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ifssac.com\/blog\/wp-json\/wp\/v2\/categories?post=1579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ifssac.com\/blog\/wp-json\/wp\/v2\/tags?post=1579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}