Shipping Logistics

More Blank Sailing from China

March 30, 2023

Ocean carriers plan to cancel 50 voyages from now till end of April, amounting to 443,000 TEU in trans-Pacific capacity that will be blanked. This signals the decline in Chinese imports to US. Last February showed a 40% decline from year over year comparison. Blanked sailing doesn't mean less containers, as carriers are still stopping at other major Asian ports. As fleets are gearing to get larger, there will be more blank sailing to off-set the decline in imports from China. Shippers and retailers still have high inventory volumes that explains the slowing phenomena in imports from China.



Source: JOC

News

Featured News at a Glance

View All News

MEMO: India Tariffs

US Customs has updated their system to reflect the removal of the 25% India/Russian oil tariff, and this is effective for shipments that arrived on or after Feb 7th, 2026.

Read More

MEMO: ACE PORTAL ACH Refund Authorization

US Customs regarding instructions on signing up for ACE PORTAL account and setting up the ACH Refund Authorization

Read More

Pegasus Market Update Q4 2025:No.23

Rates are moving down consistently from the increases assessed November 1, even with schedule being significantly reduced (see attached) - we expect rates to continue a flat to down trajectory for the remainder of the year and into 2026.

Read More

Pegasus Market Update Q3 2025: No.22

I hope everyone had a wonderful summer. While the dark clouds may be forming around the 4th quarter and international trade in general, remember that we, as an industry, are resilient and innovative. There is always a way... Funny enough, I had planned on sending this last month, but with the consistent changes from August through even today, it seemed like an exercise in futility, which is not my favorite exercise.

Read More