This week's preliminary FE-WCNA utilization data dropped below 70% for the first
since we started tracking this data series in Q4 2020.
These preliminary data only covered 3-days of this week, i.e. 13-15 Feb, where
11 vessels have left Far East to head to West Coast North America. Among the 11
vessels, the utilization level ranges from 44% to 88% but all except one were at
or below 80%. The average utilization in this route have been around 83% over
the last two years.
Resumption of services