As reported by Sea-Intelligence, the number of canceled trains has increased sharply on the trans-Pacific service, but not so much on the Eurasian route.
Sea Intelligence, with the help of the Canceled Ships Tracker, looked at how carriers responded to a drop in demand, especially for imports into North America and Europe, based on an analysis of the number of train cancellations.
The figure below shows the number of additional canceled trains that were reported (or unannounced trains recorded by Sea-Intelligence) between week 42 and week 52.
As reported by Sea-Intelligence, the number of empty trains has increased sharply on the trans-Pacific service, but not by much in Asia-Europe.
An additional 34 trains have been canceled on the Asia-West Coast North America service and 16 on the Asia-East Coast North America service.
However, during weeks 51 and 52, the schedule plans of carriers on the Asia-West Coast North America service will no longer see service cancellations.
"This reflects carrier reluctance about how to approach the potential rush ahead of the Lunar New Year. It seems like a wait-and-see approach to see if there's a seasonal spike in demand. " Alab Murphy, CEO of Sea-Intelligence, commented.
In Asia-Europe, on the other hand, there is no similar trend, with Asia-Nordic with only 6 more train cancellations and Asia-Mediterranean with 4 more train cancellations.
Annual contracts are being negotiated between shippers and container shipping lines on the trans-Pacific shipping route. ZIM warns if rates are too low, the carrier will stop shipping.
Orient Overseas (International) Limited, the parent company of shipping line OOCL, has announced its full-year business results for 2022, with revenue of 19.82 billion USD and profit before interest and tax (EBIT) of 10,089 billion USD.
In fact, for a long time, Vietnam has been interested in regional planning, not only provinces, but also districts have industrial zone planning... However, the capacity to implement economic clusters is only limited to the idea. ideas, planning, not succeeding in practice.
Following the internal activities of the business, in this March, Glotrans celebrated the birthdays of employees of Glotrans offices throughout the system.
On March 14, 2023, Glotrans Hanoi participated in the talk show "Logistics internship" with students of Faculty of Economics in collaboration with Logistics Club of Hanoi College of Technology.
Bringing in the desire to reach the international level, Glotrans constantly strengthens the building of cooperation relationships with partners around the globe in many different ways. In which, it is impossible not to mention joining the world's leading organizations in transportation, especially becoming a member of WCA.
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