News / Cancelled voyages 'too little too late' to prevent carriers from sailing into the red

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The G6 alliance announced today that capacity cutbacks would continue and that four sailings in August between Asia and Europe would be cancelled “in response to changes in market demand”.

However, the latest raft of voyage blanking from carriers may be ’too little too late’ to turn around likely heavy losses in 2015.

According to the latest edition of Drewry’s Container Forecaster, a “toxic mixture” of weak demand and aggressive pricing on most of the major tradelanes has pushed carriers into the ...