This scenario is based on the freight rates decline experienced by carriers in 2009 and is being made on the back of a new wave of blank sailings from last week pushing the total to 212.
Multiple services have been affected by cancellations ranging through to the end of June. However, the majority of blank sailings are clustered within the coming 5-6 weeks.
The largest capacity withdrawal is seen in the Asia-Europe trade which is entering a 4-week period with 29-34% of the capacity having been removed from the market.
