News / Looks like more pain before any gain for the Asia-North Europe sea freight carriers

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Ocean carriers cancelled some 230 sailings in 2015 between Asia and North Europe to boost vessel utilisation levels, and, according to Drewry, they will need to be even more radical this year with their capacity management strategy if rates on the tradelane are to return to profitable levels.

Drewry data shows that blanked westbound sailings last year cut approximately 8%, or 910,000 teu, of capacity from the sea freight route.

The consultancy notes that the O3 and G6 alliances were “the biggest ...