News / Carriers forced to adjust Asia-North Europe capacity as demand drops

Blank sailings (but not slidings) are back on the Asia-North Europe tradelane, as ocean carriers adjust capacity to meet softening demand on the route.

Today’s Ningbo Containerized Freight Index (NCFI) commentary reports that weekly available export capacity is now exceeding demand and carriers have started discounting to fill allocations.

“The overall cargo volume in the market was not sufficient,” says the NCFI about this week’s freight market, adding that carriers had “increased their efforts” to book cargo.

The 2M appears to be the ...