Shanghai - Coronavirus-led void sailings have slowed following the recovery of China’s factory and logistics activities. But the spread of the disease in other countries has raised concerns about a further disruption to container shipping demand.
Carriers have cancelled 77 services on Asia-Europe and transpacific trades in relation to the virus impact as of the end of last week, up from 70 in the week ago, according to estimates by Sea-Intelligence. By comparison, the increase rates were both more than 20 cancellations in the previous two weeks.
The pace of new blank sailings has clearly declined, indicating a belief from the carriers that volumes will slowly be brought back to normal levels,” said the consultancy in its latest report.(Read more)