Global Maritime Hub
No Result
View All Result
  • Login
  • Premium Content
    • All
    • Economic Impact
    • Emissions, Fuel Technology & Environment
    • Financing
    • Hinterland & Intermodal
    • Offshore Vessels Market
    • Piracy & Security
    • Port Environmental Impact
    • Ports & Terminals
    • Ship Building
    • Shipping Economic Trends & Regions
    • Shipping Workforce Issues
  • Blog
  • Events
  • Industry Links
    • Broker
    • Certification
    • Consultant
    • Industry Association
    • Institute & Think Tank
    • Legal Experts
    • Official Institution / Body
    • Port & Port Authority
    • Recruitment Specialist
    • Research & Market Data
    • Shipping Company
    • Industry Blog
    • Trade Media
    • Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
SUBSCRIBE
  • Premium Content
    • All
    • Economic Impact
    • Emissions, Fuel Technology & Environment
    • Financing
    • Hinterland & Intermodal
    • Offshore Vessels Market
    • Piracy & Security
    • Port Environmental Impact
    • Ports & Terminals
    • Ship Building
    • Shipping Economic Trends & Regions
    • Shipping Workforce Issues
  • Blog
  • Events
  • Industry Links
    • Broker
    • Certification
    • Consultant
    • Industry Association
    • Institute & Think Tank
    • Legal Experts
    • Official Institution / Body
    • Port & Port Authority
    • Recruitment Specialist
    • Research & Market Data
    • Shipping Company
    • Industry Blog
    • Trade Media
    • Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
Global Maritime Hub
No Result
View All Result
Home Shipping Trends

Uptick in blank sailings on Transatlantic

Editor by Editor
2 years ago
min read2 min
Transatlantic Blank Sailings
Share on FacebookShare on TwitterShare on Linkedin

Over the past few months, we have been heavily focused on the Transpacific and Asia-Europe trades, and with good reason, given the size and current market dynamics on those trades.

RELATED POSTS

Containership-demolition-sales

Containership demolition sales fall to 17-year low in 2022

4 days ago
Asia-Europe-sailings

Asia-Europe: 27% of sailings axed in first seven weeks of 2023

2 weeks ago
Boxship-Sale-and-Purchase

Boxship Sale and Purchase market shrinks by 50% in 2022

3 weeks ago

In issue 503 of the Sunday Spotlight, we shifted our focus a bit and looked at blank sailings on the Transatlantic trades, as the developments on the trade in the coming weeks may lay the foundation for coming freight rate increases on the Transatlantic.

Blank sailings on the Transatlantic trades developed quite differently from the other deep-sea trades. In 2020 there was only a single 2020-1H spike in blank sailings, as the Coronavirus impact was only seen from the spread of the pandemic to Europe and North America, but not the initial impact in China.

More importantly, as shown in figure 1, there was a significant spike in blank sailings towards the end of 2020 – peaking at a level of blank sailings above the earlier pandemic impact, very much in contrast with the Transpacific and Asia-Europe.

Furthermore, the level of announced blank sailings for March and April 2021 are also at consistently elevated levels compared to the same period last year, which is also in contrast with the aforementioned trades.

While Asia-Europe and Transpacific have seen unprecedented increases in spot rates, Transatlantic spot rates have remained remarkably stable throughout the pandemic period. The main question therefore is – will the significant increase in the number of blank sailings on the Transatlantic trade be harbinger of coming rate increases on the trade?

From a carrier perspective, the operational reality is that there is a capacity shortage in some trades where the rate levels are historically high – and at the same time, the rate levels have not increased in the Transatlantic.

With a large number of vessels being stuck in congestion outside port on the US West Coast, vessel redeployment from less-profitable trades could well be argued as a measure of “first aid” to thew Transpacific trade.

From a quantitative level, there appears to be a drive to shift capacity to more profitable trades, which in turn can only have one consequence: An increase of Transatlantic rate levels.

Source: Alan Murphy, CEO, Sea-Intelligence

Tags: Alan Murphyblank sailingsContainer tradeport congestionSea Intelligenceshipping routes
Editor

Editor

Related Posts

Containership-demolition-sales
Shipping Trends

Containership demolition sales fall to 17-year low in 2022

4 days ago
Asia-Europe-sailings
Shipping Trends

Asia-Europe: 27% of sailings axed in first seven weeks of 2023

2 weeks ago
Boxship-Sale-and-Purchase
Shipping Trends

Boxship Sale and Purchase market shrinks by 50% in 2022

3 weeks ago
MSC,-CMA-CGM,-Evergreen-and-ZIM
Shipping Trends

MSC, CMA CGM, Evergreen and ZIM strongest growers in 2022

4 weeks ago
Carrier-volumes-drop
Shipping Trends

Carrier volumes drop 5% but results vary across lines

2 months ago
Asia-North-Europe-trade
Shipping Trends

CULines second ’newcomer’ to quit Asia-North Europe trade

2 months ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

MSC,-CMA-CGM,-Evergreen-and-ZIM

MSC, CMA CGM, Evergreen and ZIM strongest growers in 2022

January 5, 2023
Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 02, 2023

January 13, 2023
Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 01, 2023

January 5, 2023

Recent Post

Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 04, 2023

January 26, 2023
Containership-demolition-sales

Containership demolition sales fall to 17-year low in 2022

January 26, 2023
Asia-Europe-sailings

Asia-Europe: 27% of sailings axed in first seven weeks of 2023

January 19, 2023
Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 03, 2023.

January 19, 2023
Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 02, 2023

January 13, 2023
Boxship-Sale-and-Purchase

Boxship Sale and Purchase market shrinks by 50% in 2022

January 12, 2023

Online platform for sharing information & analysis on trade, shipping, ports and the maritime business more info

Categories

  • Shipping Economic Trends & Regions
  • Ports & Terminals
  • Piracy & Security
  • Emissions, Fuel Technology & Environment
  • Economic Impact
  • Financing
  • Ship Building
  • Hinterland & Intermodal
  • Offshore Vessels
  • Port Environmental Impact
  • Shipping Workforce

Recent Posts

MABUX: Bunker Weekly Outlook, Week 04, 2023

Containership demolition sales fall to 17-year low in 2022

Asia-Europe: 27% of sailings axed in first seven weeks of 2023

Weekly Updates

Sign up to receive our weekly newsletter (each Thursday) with new shipping industry market reports, presentations & analysis.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 GlobalMaritimeHub | All Rights Reserved

No Result
View All Result
  • Premium Content
    • All
    • Economic Impact
    • Emissions, Fuel Technology & Environment
    • Financing
    • Hinterland & Intermodal
    • Offshore Vessels Market
    • Piracy & Security
    • Port Environmental Impact
    • Ports & Terminals
    • Ship Building
    • Shipping Economic Trends & Regions
    • Shipping Workforce Issues
  • Blog
  • Events
  • Industry Links
    • Broker
    • Certification
    • Consultant
    • Industry Association
    • Institute & Think Tank
    • Legal Experts
    • Official Institution / Body
    • Port & Port Authority
    • Recruitment Specialist
    • Research & Market Data
    • Shipping Company
    • Industry Blog
    • Trade Media
    • Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login

© 2020 GlobalMaritimeHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Brighten Up Your Thursday!

SIGN UP to receive our free weekly newsletter with new shipping market reports, presentations & analysis! EVERY THURSDAY!