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Transpacific box capacity slated for ‘unprecedented’ increase in Golden Week periodTranspacific box capacity slated for ‘unprecedented’ increase in Golden Week period

Container shipping’s transpacific trade is seeing an “unprecedented” increase in capacity during the Golden Week period, according to analyst Sea-Intelligence.

Lee Hong Liang, Asia Correspondent

October 7, 2020

1 Min Read
Kinsey - Unsplash
Photo: Kinsey - Unsplash

Alan Murphy, ceo of Sea-Intelligence, noted there was a “startling difference” in the offered capacity for the week 40-43 Golden Week period based on what was announced in week 37 (7 September) and in week 40 (28 September).

On the Asia-North America West Coast, based on the schedules published in week 37, capacity in weeks 40-43 is slated to be up by 9.5% year-on-year, while based on the latest schedules published in week 40, capacity is slated to be up by a staggering 26.6%. This corresponds to a reduction in blanked capacity from 8.7% to 3.9%.

On the Asia-North America East Coast, offered capacity is expected to be up by 30.2% year-on-year, rising from 12.1% that was scheduled in week 37. This will reduce blanked capacity from 10.2% to 3%.

Looking at the Asia-Europe trade, the difference was “relatively smaller but still significant”, Murphy noted.

The offered capacity in week 40-43 on Asia-North Europe is now up from 5.8% year-on-year to 13.8% based on the week 40 schedules, and the Golden Week period capacity reduction now slated to be 18.9% instead of 23.1%.

“On Asia-Mediterranean, offered capacity was slated to contract by 1.4% year-on-year based on schedules published in week 37, but is now slated to grow by 6.5%. In terms of capacity reductions, 19.6% is now slated to be removed instead of 20.8% as scheduled in week 37,” Murphy said.

Related:Transpacific container demand to rise in Q3: Sea-Intelligence

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

 

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