Several shipping lines already confirmed further void sailings from North Europe to Asia and vice versa. It’s said in one of the articles in www.theloadstar.com that part-loaded ships are being held in Europe rather than sailing east to join the backlog of vessels awaiting a demand pick-up in China.
Nationwide transport limitations, Chinese New Year and the additional 14-day quarantine on returning workers has kept many factories closed or at limited capacity. It’s estimated that approximately 85% of the factories have now reopened.
With so few truckers moving cargo through China’s container terminals, yard density has reached “critical levels”, and with little cargo to collect, shipping lines have withdrawn more than 1.67 million TEU (Twenty-foot Equivalent Unit) of capacity from China, according to www.alphaliner.com.
In terms of lost revenue to the liners, shippers, receivers and in fact all companies involved in the supply chain and distribution, it’s going to be a disastrous month of March and April, this besides the “Brexit” and “Trade war between China and the United States”. No products, limited capacity, will be a fact of life these coming months.
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