News / Carriers look to short-term gains over blanking, as Red Sea crisis props up rates

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With the Red Sea crisis continuing to artificially prop up container spot rates, carriers have largely abandoned the tactic of using blank sailings to adjust supply to suit demand, according to new analysis from Sea-Intelligence.

The structural overcapacity faced by the liner industry has, to a large extent, been mitigated by the Houthi attacks on Red Sea shipping forcing vessel diversions around the Cape of Good Hope.

And while these have directly hit Asia-North Europe, Asia-Mediterranean and a selection of Asia-US east ...