In the next 12 weeks, shipping companies will withdraw about 8.8% of their capacity from the Asia to Europe route market. CMA CGM has announced that it will cancel 5 sailings during China's 11th Golden Week, reducing trade from Asia to Europe by nearly 100,000 TEU.

During the 7-day National Day from October 1st to 7th, voyages 1, 2, 5, 7 and 8 of the CMA CGM Asia-Europe route (FAL) have been suspended. The company did not give a reason for the move, but a source said: "This may echo some customers' concerns about the overall decline in the fourth quarter. We are trying to connect these leads to determine the reasons behind this decision. factors. However, we tend to be very cautious in making these assessments and will await responses or actions from other stakeholders.”

The sources added that the airlines "do not necessarily portend a bleak outlook", but the CMA CGM decision did not appear to be made in isolation. According to the relevant information obtained by the industry media, from now to the golden week of the 11th, the 2M alliance of Maersk and MSC will reduce the capacity by 10% and cancel 7 voyages, while the alliance will reduce the capacity by 18% and cancel 10 voyages.

Commentators said the lack of a peak season before the Golden Week may have prompted airlines to cut capacity in an effort to maintain the recent "slump" in freight rates, especially those on the Asia-Europe route. Shipping media person Mike Wackett commented: “With no peak season this year, the demand outlook going into the fourth quarter is very poor. Operators will take the same aggressive approach they had at the start of the pandemic, they will pull in a lot of capacity and ramp up as proven at the time. price."

At the same time, it has also been pointed out that more and more issues and changes in the operating environment are affecting shipping companies' decision-making on aviation. Goetz Alebrand, DHL Global Head of Freight, pointed to strikes, bottlenecks and equipment shortages as contributing factors, adding: "Given a possible global recession, there are still many unknowns and supply chain bottlenecks are evident around the world. DHL Ocean Shipping Update Sources indicate that equipment (container) conditions remain tight, especially for 40-foot containers.”

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