Import cuts could trigger more shortages as states reopen

On the contrary, a number of previously canceled sailings have been “unblanked.” THE Alliance (Hapag-Lloyd, ONE, Yang Ming) has reinstated four China-Los Angeles voyages, for arrivals on May 25, June 10, June 20 and June 30, and the Ocean Alliance (CMA CGM, COSCO, Evergreen, OOCL) has reinstated two China-U.S. sailings departing in June.

“We appear to have reached the bottom of the demand downturn in container shipping,” said Lars Jensen, CEO of SeaIntelligence Consulting.

Jensen pointed out that the service reinstatements show that carriers “would rather proactively cancel too much capacity and then later reinsert in case there is more demand.”