Update on China’s Manufacturing Sector

All carriers are confirmed to implement the April 01 GRI, But even as China’s manufacturing comes back online, shippers faced with plummeting demand have begun a process of slowing the supply chain — canceling orders, requesting containers not be loaded on ships, and seeking to store cargo at destination ports. Some consignee instructed not to accept new bookings, stop any shipments that have not shipped or even ask to return containers to cancel booking.

Below is a rough summary of the current booking cancellation status in each origin in China. Please note: These cancellations are the result of not only the COVID-19 pandemic, also because of the coming Ching Ming Festival holiday from April 4-6).

Xingang: 15-20% cancellation

Qingdao: 20% cancellation

Ningbo: 10-15% cancellation

Shanghai: 5-10% cancellation

Xiamen: 20% cancellation

Fuzhou: 30% cancellation

SPRC: 2-5% cancellation

Dalian: 10-15% cancellation

Taiwan: 10% cancellation

And even with Chinese factory production recovering, carriers continue launching blank sailings, so some ships from China to North America are sailing at full capacity.

Updated blank sailing summary list is found below:

• CPRC: Space to WC and EC is full especially for PNW due to blank sailings. Some carriers like ZIM, CMA and ONE has weight limitation to EC

• NPRC: space is normal of most carriers due to low volume and booking cancellation

• SPRC: Generally speaking space is normal, but PNW service is full out of HK due to blank sailing and space cut of Ocean Alliance

• Fujian: Space is normal, volume dropped due to booking cancellation

• Taiwan: Space is full on PSW due to blank sailing except HMM