January 20, 2020 – This month has seen the return of container rollovers in loading ports out of Asia, as carriers continue to trim capacity. Reports indicate that some Asia-North Europe ocean carriers have been discharging containers loaded in China at transhipment ports en route, so they can accommodate better-paying cargo. And this week both the Shanghai Containerized Freight Index and Ningbo Containerized Freight Index referred to carriers “off-loading containers” at way ports. As a consequence of the aggressive blanking policies by carriers, some westbound sailings prior to the Chinese new year on January 25 are reported to have been 50% overbooked, which means even VIP contract customers have been fighting daily to ensure their boxes are shipped.
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