Sea-Intel: no sign of additional capacity being blanked for Chinese New Year

Sea-Intelligence reports that post-pandemic backhaul vessel utilisation, previously around 50%, has fallen below 40% in August 2024.

Even though short-lived, the ILA port strike is expected to result in a capacity decline of 10-17% for Asia exporters.

Sea-Intelligence: The ILA holds the upper hand for now, but if the strike drags on, public opinion may begin to shift, potentially weakening their position.

In August 2024, global schedule reliability rose to 52.8%, with minimal volatility, though y-o-y performance dropped by 10.2% and delays increased to 5.28 days.

Sea-Intelligence found MSC’s network design nearly halves reportable sailing distances, giving it a cost advantage in ETS expenses over Ocean Alliance’s modest 7% reduction.

The Red Sea region experienced an 85% drop in deep-sea port calls, from over 200 to under 40 per month, during January-June 2024.