Asia-Europe capacity correction not as strong as on TP
Unlike on the Transpacific, where weekly scheduled capacity more than 2 weeks out (relative to the week of departure) was considerably higher than what was eventually deployed, there was no such trend on Asia-Europe. On Asia-North Europe, scheduled capacity even 4 weeks out was reflective of the actual deployment. On the other hand, on Asia-Mediterranean, carriers end up correcting upwards i.e. add capacity, having scheduled much less, explained Sea-Intelligence in an analysis.
“On Asia-Europe, we can in Figure 1 see scheduled deployment for Week 7-9 2023, as they were at different points in time (‘Actual’ here refers to the actual deployment; ‘Week 0’ refers to the scheduled deployment recorded in the same week as the week being measured i.e. scheduled capacity for Week 7 as recorded in Week 7 etc.; ‘-1’ refers to the scheduled deployment one week prior to the week being measured i.e. scheduled capacity for Week 7 as recorded in Week 6, and so on).
“In the most-recent weeks, schedules that were only 3, even 4 weeks out were somewhat reflective of the actual deployment. If anything, the lines ended up adding more capacity. Although schedules 5 or more weeks away had roughly 6-23% “extra” capacity, this was nowhere close to the capacity correction that was seen on the Transpacific. For Week 7, capacity correction was on the higher end, whereas for Week 9 it was on the lower end i.e. there was higher capacity correction in Week 7. However, it seems as if carriers had corrected capacity too aggressively for Week 7 and ended up adding some of it back in the weeks leading up to the week of deployment. On Asia-Mediterranean, for these three weeks (Weeks 7-9), capacity correction was on the positive side i.e. capacity was added back instead of taken out.”
Source: Exim News Service: Copenhagen, March 16