Carrier GRI & Blank Sailing Strategy Mimics Yo-Yo Dieting…

Panama Canal

Starting this November, the Panama Canal Authority will reduce daily transits from 36 to 31, potentially introducing delays of 2-3 days for container services. However, even with these delays, it remains a quicker route for most Asia ports than the Suez Canal. For time-sensitive and heavy cargo, consider alternative routes via the U.S. or Canadian West Coast or explore rail and trucking options.

Market rates are lower than pre-pandemic market as carriers try to implement blank sailing strategy.

Carriers continue to flex their blank sailing muscle to manage capacity and rates. Carrier discipline will determine how effective the Nov GRI is and how long it will stick. Creating artificial demand has not proven to be a successful strategy for the carriers.

TAC Index data shows rates out of China to the US up 6%, and up 4.6% to Europe, in the past month – but, out of Hong Kong, rates grew 14% to North America, and 9.7% to Europe.

Freightos’ FAX shows bigger jumps: rates from South Asia to North America have jumped 12.5% since the start of October; and there was a hefty 21% rise from South Asia to Europe – in the 100kg to 300kg category.

Captain-Logixboard-Logo-350x100-1-1

market-update-11022023-chart-1

Share This Post

More Like This

CT MarketWatch: Global Logistics Trends: Transpacific Rate Declines, Air Freight Surges, and Regional Market Dynamics

CT MarketAlert: New Tariffs on Steel and Aluminum Derivative Products Announced

CT MarketAlert: New Tariffs on Steel and Aluminum Derivative Products Announced

CT MarketWatch: Freight Rates, Geopolitics, and the High-Stakes Game of Global Logistics

CT MarketAlert: Tariff Blows Exchanged, Canada & Mexico Catch a Brea

CT MarketAlert: Escalating US Tariffs Spark Global Retaliation and Trade Uncertainty

CT MarketWatch: Slithering Through Lunar New Year – Tariffs, Alliances & Global Disruptions

Rethinking Your Banned Carrier List: Is It Hurting Your Supply Chain?

CT MarketWatch: Riding the Dragon’s Tail – What Chinese New Year Means for Global Shipping

Build a More Sustainable Future with Our CO2 Emissions Tracking Software

img:is([sizes="auto" i],[sizes^="auto," i]){contain-intrinsic-size:3000px 1500px;}img.wp-smiley,img.emoji{display:inline !important;border:none !important;box-shadow:none !important;height:1em !important;width:1em !important;margin:0 .07em !important;vertical-align:-.1em !important;background:none !important;padding:0 !important;}:root{--wp--preset--aspect-ratio--square:1;--wp--preset--aspect-ratio--4-3:4/3;--wp--preset--aspect-ratio--3-4:3/4;--wp--preset--aspect-ratio--3-2:3/2;--wp--preset--aspect-ratio--2-3:2/3;--wp--preset--aspect-ratio--16-9:16/9;--wp--preset--aspect-ratio--9-16:9/16;--wp--preset--color--black:#000;--wp--preset--color--cyan-bluish-gray:#abb8c3;--wp--preset--color--white:#fff;--wp--preset--color--pale-pink:#f78da7;--wp--preset--color--vivid-red:#cf2e2e;--wp--preset--color--luminous-vivid-orange:#ff6900;--wp--preset--color--luminous-vivid-amber:#fcb900;--wp--preset--color--light-green-cyan:#7bdcb5;--wp--preset--color--vivid-green-cyan:#00d084;--wp--preset--color--pale-cyan-blue:#8ed1fc;--wp--preset--color--vivid-cyan-blue:#0693e3;--wp--preset--color--vivid-purple:#9b51e0;--wp--preset--color--metallic-red:#b02b2c;--wp--preset--color--maximum-yellow-red:#edae44;--wp--preset--color--yellow-sun:#ee2;--wp--preset--color--palm-leaf:#83a846;--wp--preset--color--aero:#7bb0e7;--wp--preset--color--old-lavender:#745f7e;--wp--preset--color--steel-teal:#5f8789;--wp--preset--color--raspberry-pink:#d65799;--wp--preset--color--medium-turquoise:#4ecac2;--wp--preset--gradient--vivid-cyan-blue-to-vivid-purple:linear-gradient(135deg,rgba(6,147,227,1) 0%,#9b51e0 100%);--wp--preset--gradient--light-green-cyan-to-vivid-green-cyan:linear-gradient(135deg,#7adcb4 0%,#00d082 100%);--wp--preset--gradient--luminous-vivid-amber-to-luminous-vivid-orange:linear-gradient(135deg,rgba(252,185,0,1) 0%,rgba(255,105,0,1) 100%);--wp--preset--gradient--luminous-vivid-orange-to-vivid-red:linear-gradient(135deg,rgba(255,105,0,1) 0%,#cf2e2e 100%);--wp--preset--gradient--very-light-gray-to-cyan-bluish-gray:linear-gradient(135deg,#eee 0%,#a9b8c3 100%);--wp--preset--gradient--cool-to-warm-spectrum:linear-gradient(135deg,#4aeadc 0%,#9778d1 20%,#cf2aba 40%,#ee2c82 60%,#fb6962 80%,#fef84c 100%);--wp--preset--gradient--blush-light-purple:linear-gradient(135deg,#ffceec 0%,#9896f0 100%);--wp--preset--gradient--blush-bordeaux:linear-gradient(135deg,#fecda5 0%,#fe2d2d 50%,#6b003e 100%);--wp--preset--gradient--luminous-dusk:linear-gradient(135deg,#ffcb70 0%,#c751c0 50%,#4158d0 100%);--wp--preset--gradient--pale-ocean:linear-gradient(135deg,#fff5cb 0%,#b6e3d4 50%,#33a7b5 100%);--wp--preset--gradient--electric-grass:linear-gradient(135deg,#caf880 0%,#71ce7e 100%);--wp--preset--gradient--midnight:linear-gradient(135deg,#020381 0%,#2874fc 100%);--wp--preset--font-size--small:1rem;--wp--preset--font-size--medium:1.125rem;--wp--preset--font-size--large:1.75rem;--wp--preset--font-size--x-large:clamp(1.75rem,3vw,2.25rem);--wp--preset--spacing--20:.44rem;--wp--preset--spacing--30:.67rem;--wp--preset--spacing--40:1rem;--wp--preset--spacing--50:1.5rem;--wp--preset--spacing--60:2.25rem;--wp--preset--spacing--70:3.38rem;--wp--preset--spacing--80:5.06rem;--wp--preset--shadow--natural:6px 6px 9px rgba(0,0,0,.2);--wp--preset--shadow--deep:12px 12px 50px rgba(0,0,0,.4);--wp--preset--shadow--sharp:6px 6px 0px rgba(0,0,0,.2);--wp--preset--shadow--outlined:6px 6px 0px -3px rgba(255,255,255,1),6px 6px rgba(0,0,0,1);--wp--preset--shadow--crisp:6px 6px 0px rgba(0,0,0,1);}:root{--wp--style--global--content-size:800px;--wp--style--global--wide-size:1130px;}:where(body){margin:0;}.wp-site-blocks > .alignleft{float:left;margin-right:2em;}.wp-site-blocks > .alignright{float:right;margin-left:2em;}.wp-site-blocks > .aligncenter{justify-content:center;margin-left:auto;margin-right:auto;}:where(.is-layout-flex){gap:.5em;}:where(.is-layout-grid){gap:.5em;}.is-layout-flow > .alignleft{float:left;margin-inline-start:0;margin-inline-end:2em;}.is-layout-flow > .alignright{float:right;margin-inline-start:2em;margin-inline-end:0;}.is-layout-flow > .aligncenter{margin-left:auto !important;margin-right:auto !important;}.is-layout-constrained > .alignleft{float:left;margin-inline-start:0;margin-inline-end:2em;}.is-layout-constrained > .alignright{float:right;margin-inline-start:2em;margin-inline-end:0;}.is-layout-constrained > .aligncenter{margin-left:auto !important;margin-right:auto !important;}.is-layout-constrained > :where(:not(.alignleft):not(.alignright):not(.alignfull)){max-width:var(--wp--style--global--content-size);margin-left:auto !important;margin-right:auto !important;}.is-layout-constrained > .alignwide{max-width:var(--wp--style--global--wide-size);}body .is-layout-flex{display:flex;}.is-layout-flex{flex-wrap:wrap;align-items:center;}.is-layout-flex > :is(*,div){margin:0;}body .is-layout-grid{display:grid;}.is-layout-grid > :is(*,div){margin:0;}body{padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}a:where(:not(.wp-element-button)){text-decoration:underline;}:root :where(.wp-element-button,.wp-block-button__link){background-color:#32373c;border-width:0;color:#fff;font-family:inherit;font-size:inherit;line-height:inherit;padding:calc(.667em + 2px) calc(1.333em + 2px);text-decoration:none;}.has-black-color{color:var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-color{color:var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-color{color:var(--wp--preset--color--white) !important;}.has-pale-pink-color{color:var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-color{color:var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-color{color:var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-color{color:var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-color{color:var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-color{color:var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-color{color:var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-color{color:var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-color{color:var(--wp--preset--color--vivid-purple) !important;}.has-metallic-red-color{color:var(--wp--preset--color--metallic-red) !important;}.has-maximum-yellow-red-color{color:var(--wp--preset--color--maximum-yellow-red) !important;}.has-yellow-sun-color{color:var(--wp--preset--color--yellow-sun) !important;}.has-palm-leaf-color{color:var(--wp--preset--color--palm-leaf) !important;}.has-aero-color{color:var(--wp--preset--color--aero) !important;}.has-old-lavender-color{color:var(--wp--preset--color--old-lavender) !important;}.has-steel-teal-color{color:var(--wp--preset--color--steel-teal) !important;}.has-raspberry-pink-color{color:var(--wp--preset--color--raspberry-pink) !important;}.has-medium-turquoise-color{color:var(--wp--preset--color--medium-turquoise) !important;}.has-black-background-color{background-color:var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-background-color{background-color:var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-background-color{background-color:var(--wp--preset--color--white) !important;}.has-pale-pink-background-color{background-color:var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-background-color{background-color:var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-background-color{background-color:var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-background-color{background-color:var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-background-color{background-color:var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-background-color{background-color:var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-background-color{background-color:var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-background-color{background-color:var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-background-color{background-color:var(--wp--preset--color--vivid-purple) !important;}.has-metallic-red-background-color{background-color:var(--wp--preset--color--metallic-red) !important;}.has-maximum-yellow-red-background-color{background-color:var(--wp--preset--color--maximum-yellow-red) !important;}.has-yellow-sun-background-color{background-color:var(--wp--preset--color--yellow-sun) !important;}.has-palm-leaf-background-color{background-color:var(--wp--preset--color--palm-leaf) !important;}.has-aero-background-color{background-color:var(--wp--preset--color--aero) !important;}.has-old-lavender-background-color{background-color:var(--wp--preset--color--old-lavender) !important;}.has-steel-teal-background-color{background-color:var(--wp--preset--color--steel-teal) !important;}.has-raspberry-pink-background-color{background-color:var(--wp--preset--color--raspberry-pink) !important;}.has-medium-turquoise-background-color{background-color:var(--wp--preset--color--medium-turquoise) !important;}.has-black-border-color{border-color:var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-border-color{border-color:var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-border-color{border-color:var(--wp--preset--color--white) !important;}.has-pale-pink-border-color{border-color:var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-border-color{border-color:var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-border-color{border-color:var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-border-color{border-color:var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-border-color{border-color:var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-border-color{border-color:var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-border-color{border-color:var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-border-color{border-color:var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-border-color{border-color:var(--wp--preset--color--vivid-purple) !important;}.has-metallic-red-border-color{border-color:var(--wp--preset--color--metallic-red) !important;}.has-maximum-yellow-red-border-color{border-color:var(--wp--preset--color--maximum-yellow-red) !important;}.has-yellow-sun-border-color{border-color:var(--wp--preset--color--yellow-sun) !important;}.has-palm-leaf-border-color{border-color:var(--wp--preset--color--palm-leaf) !important;}.has-aero-border-color{border-color:var(--wp--preset--color--aero) !important;}.has-old-lavender-border-color{border-color:var(--wp--preset--color--old-lavender) !important;}.has-steel-teal-border-color{border-color:var(--wp--preset--color--steel-teal) !important;}.has-raspberry-pink-border-color{border-color:var(--wp--preset--color--raspberry-pink) !important;}.has-medium-turquoise-border-color{border-color:var(--wp--preset--color--medium-turquoise) !important;}.has-vivid-cyan-blue-to-vivid-purple-gradient-background{background:var(--wp--preset--gradient--vivid-cyan-blue-to-vivid-purple) !important;}.has-light-green-cyan-to-vivid-green-cyan-gradient-background{background:var(--wp--preset--gradient--light-green-cyan-to-vivid-green-cyan) !important;}.has-luminous-vivid-amber-to-luminous-vivid-orange-gradient-background{background:var(--wp--preset--gradient--luminous-vivid-amber-to-luminous-vivid-orange) !important;}.has-luminous-vivid-orange-to-vivid-red-gradient-background{background:var(--wp--preset--gradient--luminous-vivid-orange-to-vivid-red) !important;}.has-very-light-gray-to-cyan-bluish-gray-gradient-background{background:var(--wp--preset--gradient--very-light-gray-to-cyan-bluish-gray) !important;}.has-cool-to-warm-spectrum-gradient-background{background:var(--wp--preset--gradient--cool-to-warm-spectrum) !important;}.has-blush-light-purple-gradient-background{background:var(--wp--preset--gradient--blush-light-purple) !important;}.has-blush-bordeaux-gradient-background{background:var(--wp--preset--gradient--blush-bordeaux) !important;}.has-luminous-dusk-gradient-background{background:var(--wp--preset--gradient--luminous-dusk) !important;}.has-pale-ocean-gradient-background{background:var(--wp--preset--gradient--pale-ocean) !important;}.has-electric-grass-gradient-background{background:var(--wp--preset--gradient--electric-grass) !important;}.has-midnight-gradient-background{background:var(--wp--preset--gradient--midnight) !important;}.has-small-font-size{font-size:var(--wp--preset--font-size--small) !important;}.has-medium-font-size{font-size:var(--wp--preset--font-size--medium) !important;}.has-large-font-size{font-size:var(--wp--preset--font-size--large) !important;}.has-x-large-font-size{font-size:var(--wp--preset--font-size--x-large) !important;}:where(.wp-block-post-template.is-layout-flex){gap:1.25em;}:where(.wp-block-post-template.is-layout-grid){gap:1.25em;}:where(.wp-block-columns.is-layout-flex){gap:2em;}:where(.wp-block-columns.is-layout-grid){gap:2em;}:root :where(.wp-block-pullquote){font-size:1.5em;line-height:1.6;}.a-stats{--akismet-color-mid-green:#357b49;--akismet-color-white:#fff;--akismet-color-light-grey:#f6f7f7;max-width:350px;width:auto;}.a-stats *{all:unset;box-sizing:border-box;}.a-stats strong{font-weight:600;}.a-stats a.a-stats__link,.a-stats a.a-stats__link:visited,.a-stats a.a-stats__link:active{background:var(--akismet-color-mid-green);border:none;box-shadow:none;border-radius:8px;color:var(--akismet-color-white);cursor:pointer;display:block;font-family:-apple-system,BlinkMacSystemFont,"Segoe UI","Roboto","Oxygen-Sans","Ubuntu","Cantarell","Helvetica Neue",sans-serif;font-weight:500;padding:12px;text-align:center;text-decoration:none;transition:all .2s ease;}.widget .a-stats a.a-stats__link:focus{background:var(--akismet-color-mid-green);color:var(--akismet-color-white);text-decoration:none;}.a-stats a.a-stats__link:hover{filter:brightness(110%);box-shadow:0 4px 12px rgba(0,0,0,.06),0 0 2px rgba(0,0,0,.16);}.a-stats .count{color:var(--akismet-color-white);display:block;font-size:1.5em;line-height:1.4;padding:0 13px;white-space:nowrap;}@media handheld, only screen and (max-width: 767px){header#header{top:0 !important;z-index:9999999999;position:fixed !important;visibility:visible !important;transition:top .5s ease-in-out !important;}header#header.hidden{top:-160px !important;}div#main{top:0;position:relative;}}.abstrakt-tabs{clear:both;}@media handheld, only screen and (max-width: 767px){header#header.hidden{top:-160px !important;}div#main{top:0;position:relative;}}#top .avia-font-entypo-fontello-enfold,body .avia-font-entypo-fontello-enfold,html body [data-av_iconfont='entypo-fontello-enfold']:before{font-family:"entypo-fontello-enfold";}#top .avia-font-entypo-fontello,body .avia-font-entypo-fontello,html body [data-av_iconfont='entypo-fontello']:before{font-family:"entypo-fontello";}#top .avia-font-client-name-icons-1,body .avia-font-client-name-icons-1,html body [data-av_iconfont='client-name-icons-1']:before{font-family:"client-name-icons-1";}#top .avia-font-sheericons1,body .avia-font-sheericons1,html body [data-av_iconfont='sheericons1']:before{font-family:"sheericons1";}#top .avia-font-general-icons-thin,body .avia-font-general-icons-thin,html body [data-av_iconfont='general-icons-thin']:before{font-family:"general-icons-thin";}#top .avia-font-general-icons-filled,body .avia-font-general-icons-filled,html body [data-av_iconfont='general-icons-filled']:before{font-family:"general-icons-filled";}#top .avia-font-general-icons-thick,body .avia-font-general-icons-thick,html body [data-av_iconfont='general-icons-thick']:before{font-family:"general-icons-thick";}#top .avia-font-cargotrans_icons_v1,body .avia-font-cargotrans_icons_v1,html body [data-av_iconfont='cargotrans_icons_v1']:before{font-family:"cargotrans_icons_v1";}#top .avia-font-cargotrans_icons_v2,body .avia-font-cargotrans_icons_v2,html body [data-av_iconfont='cargotrans_icons_v2']:before{font-family:"cargotrans_icons_v2";}#top .avia-font-cargotrans_icons_v3,body .avia-font-cargotrans_icons_v3,html body [data-av_iconfont='cargotrans_icons_v3']:before{font-family:"cargotrans_icons_v3";}#top .avia-font-cargotrans_icons_v4,body .avia-font-cargotrans_icons_v4,html body [data-av_iconfont='cargotrans_icons_v4']:before{font-family:"cargotrans_icons_v4";}#top .avia-font-cargotrans_icons_v5,body .avia-font-cargotrans_icons_v5,html body [data-av_iconfont='cargotrans_icons_v5']:before{font-family:"cargotrans_icons_v5";}#top .av-special-heading.av-av_heading-e9726c5b3ba47c61a37656c1e7d02a7a{margin:10px 0 0 0;padding-bottom:10px;}body .av-special-heading.av-av_heading-e9726c5b3ba47c61a37656c1e7d02a7a .av-special-heading-tag .heading-char{font-size:25px;}.av-special-heading.av-av_heading-e9726c5b3ba47c61a37656c1e7d02a7a .av-subheading{font-size:15px;}#top .hr.av-jhe1dyat-4d09ad3ba40142c2b823d908995f0385{margin-top:0px;margin-bottom:0px;}.hr.av-jhe1dyat-4d09ad3ba40142c2b823d908995f0385 .hr-inner{width:100%;}