Chinese Golden week blank sailings

It is quite typical to observe blank sailings after holidays like China's Golden Week holiday and Chinese New Year when factories are closed and the demand for vessel space is low.  

By monitoring market trends and closely studying the patterns of post-holiday periods like China's Golden Week and Chinese New Year, ZieglerOne ensures that their agents are equipped with the latest updates on blank sailings. This proactive approach allows agents to anticipate the decrease in demand for vessel space during these holidays and plan accordingly.

With access to comprehensive data and insights, ZieglerOne's agents can make informed decisions and effectively communicate with their clients. By staying ahead of the curve, they can minimize disruptions and optimize the transportation process for their customers.

ZieglerOne's commitment to empowering their agents with potential blank sailings showcases their dedication to providing top-notch service and support. Through their proactive approach, they enable their agents to navigate the ever-changing shipping landscape with confidence, ultimately benefiting their clients and enhancing overall supply chain efficiency.

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As can be seen in the chart ex Sea-Intelligence, there already seems to be a significant decline in carriers’ service reliability when compared to previous weeks.

Due to declining spot rates and weak demand before China's Golden Week holiday, ocean carriers are implementing additional blank sailings. The cancellation rate on East-West trades is expected to increase to around 14% over the next five weeks, compared to 7% last week. Carriers may make further modifications to deployed capacity as the outlook remains bleak after Golden Week. Shippers should prepare contingency plans to avoid last-minute cancellations impacting their cargo.

https://www.sea-intelligence.com/

https://www.trip.com/hot/articles/china-public-holidays-2023.html#:~:text=October%201%2C%202023%20to%20October%207%2C%202023%20(Sunday%20to,happened%20on%20October%201%2C%201949.

https://www.drewry.co.uk/supply-chain-advisors/supply-chain-expertise/cancelled-sailings-tracker