Blanked sailings and Suez return pressure transpac spot rates

· Logistics

With China's Golden Week holiday under way and factories closed, supply chain planners are focused on calculating shipping capacity out of Asia once workers return, The Loadstar reported. Drewry's cancelled sailings tracker shows 39 blanked sailings announced in the period. Meanwhile, Linerlytica data cited by The Loadstar shows teu-mile demand growth regressed for the first time since January, reflecting a combination of blanked sailings by major carriers during Golden Week, increased newbuild vessel deliveries, and more ships returning to the Suez Canal on Asia-Europe routes. A return to the Suez Canal is seen as a major threat to carrier efforts to halt the transpacific spot rate slide, as added effective capacity weighs on pricing.

Why it matters：Extra effective capacity from returning Suez routings and newbuilds could undercut carriers' efforts to stabilize spot rates on key east-west trades.

Key points

  • Drewry's tracker shows 39 blanked sailings announced around Golden Week.
  • Teu-mile demand growth regressed for the first time since January, per Linerlytica.
  • More ships returning to the Suez Canal on Asia-Europe routes add effective capacity.

Sources (original reporting)

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