Ocean Freight Market Update – October 2020

Carriers continue their disciplined capacity management in October. In October cargo demand is expected to slow down during and after the Golden Week holiday in China (first week of October). Both the members of THE Alliance and the 2M have formally announced a new series of blanked sailings between Asia and Europe. Also the latest schedules of the OCEAN Alliance show skipped sailings in Asia-North Europe loops. This shows the carrier’s cautious approach to avoid overcapacity to match it with market demand. Source: DHL