Longevity of post-CNY slump catches container trades by surprise
Two months on from Chinese New Year and the traditional post-holiday blip shows no sign ...
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Fearing another container spot rate crash, ocean carriers have blanked a number of export sailings from Asia to Europe and Asia to the US, prior to the Chinese national holiday in early October.
A carrier contact told The Loadstar this week he expected to see “many more” void sailings this year in the key soft-demand weeks of the slack season.
“We are determined not to get sucked into another rates war this year, and as long ...
Comment on this article
Lin Xuming
August 31, 2024 at 11:47 pmI don’t expect rate crash until next year early.