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Market Softness Prompt Carriers to Blank 15% of Planned Departures
Carriers are moving to correct a capacity oversupply on major East-West routes, rolling out blank sailings after the anticipated demand ahead of the Lunar New Year failed to come through. According to Drewry, carriers have announced 103 blank sailings out of 704 scheduled departures, representing 15% of planned sailings between February 2nd and March 8th.