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Status on February 3, 2020
Current Air Market Situation
Over the last few days, carriers have continued to announce a reduction or complete cancelation of flights to and from China. These cancelations primarily affect passenger airplanes and therefore bellow cargo capacities; however, we have received notifications that some dedicated freighter companies are currently reevaluating their flight schedules for the coming weeks.
For the time being, we see minimal cargo shipping out of China due to factories remaining closed. The reduced capacities announced for this and next week should not represent a major concern. This will likely change after China resumes work. DSV China and Hong Kong will work closely with all core carriers and vendors to ensure proper capacity planning in line with expected shipping requirements, though scarce capacities and higher rates are expected starting in week 7.
If you have further questions, contact your local DSV representative.
Current Ocean Market Situation
As of today, more carriers have announced blank sailings.
We are closely monitoring the situation and do not currently see a concern on the available capacities because many companies in China will not start operating and shipping until February 10. At that stage, however, we do see a rush to move freight and capacity shortages as a possibility, same as advised on airfreight.
Please reach out to your local DSV representative with specific questions about your ocean freight.