News / Capacity axed by carriers on Asia-Europe and transpacific tops 3m teu

© Christian Horz

Headhaul capacity withdrawn by Asia-Europe and transpacific carriers has reached 3m teu, according to a survey by Sea-Intelligence.

The consultant notes that the total capacity removed from the tradelanes due to the coronavirus pandemic is 2.4 times higher than the norm in the post-Chinese New Year slack period.

As of 11 April, Sea-Intelligence reports that 384 sailings have been blanked across various deepsea trades, with another 83 cancelled by carriers in the past week alone.

The consultant estimates the industry is facing a ...