In recent weeks, shipping companies have announced their sailing schedules for Q3, confirming that blank sailings are set to continue, thereby reducing capacity by 15 percent.
Rates are often adjusted to fill containerships depending on volume requirement and shipping companies review their tactics in line with supply and demand market trends. Recent analysis shows that the tariffs in the first twenty weeks of 2020 are almost continuously above those of 2018 and 2019.
Drewry’s World Container Index is even 22 percent higher than one year ago. This index is based on eight routes between the US, Europe and Asia.