The impact of the U.S. tariff war continues to have a direct impact on container shipping operations as the number of cancelled sailings on the Transpacific trade increased drastically again last week.

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Blank sailings increasing rapidly on Transpacific: Sea-Intelligence
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Blank sailings increasing rapidly on Transpacific: Sea-Intelligence

The level of escalation in blanked capacity illustrates a dramatic change in the market.

Vessel utilisation remains low, rates to be weak: Sea-Intelligence

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Vessel utilisation remains low, rates to be weak: Sea-Intelligence
www.logupdateafrica.com

Vessel utilisation remains low, rates to be weak: Sea-Intelligence

On Transpacific, utilisation dropped below 90% for much of 2022, becoming a catalyst for declining freight rates.