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Container spot rates on the transpacific eased back this week. Today’s final publication of the Shanghai Containerized Freight Index (SCFI) before the Chinese Golden Week holiday recorded marginal decreases for the west and east coasts.

With carriers reporting strong demand visibility through October on the trade, the fundamentals are ripe for another round of GRIs; although, given the recent warnings from Chinese and US regulators, this seems increasingly unlikely.

Carriers on the transpacific continued this week to deploy extra ad hoc loaders and restore blanked sailings for next month. For instance, OOCL today advised it would reinstate its East Coast China 2 sailing from Qingdao on 27 October.

“Many BCOs have commented that they see strong bookings through to the end of the year, and we have heard rumblings that demand could continue through to the Chinese new year in February,” said Jon Monroe, president of Jon Monroe Consulting.

Moreover, Mr. Monroe noted that BCOs were increasingly turning to NVOCCs to cover excess containers not included under their MQCs (minimum quantity commitments) with their contracted carriers.

Trans-Pacific Eastbound Blank Sailing & Extra Loader Tracker

Although carriers in the Trans-Pacific trade have temporarily reinstated vessel capacity, for your reference Mallory Alexander will continue its practice to track blank sailings and extra loaders to provide customers with a tool to reference for the various Alliances.

See the updated tracker here, reflecting weeks 40 – 44.

Source: The Loadstar, Mallory Alexander Asia-Pacific