Carriers rev up blank sailing efforts amid coronavirus fallouts
Capacity cut over the eight-week period since the Chinese New Year on Asia-Europe trade is expected to reach 700,000 teu. This is in sharp contrast to the post-Chinese New Year reduction of just 340,000 teu in 2019 and 210,000 teu in 2018
Increasing void sailings will also affect backhaul trade with limited capacity for outbound services from Europe and the US
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