Container rates withstand traditional pressure from China's Golden Week

China's Golden Week holiday traditionally marks the beginning of the low season for container lines. But this year demand is expected to be so strong that it can withstand this traditional pressure, says US-based finance firm.

Photo: PR / Hapag-Lloyd

There have been no major changes in freight rates in the first update after China's Golden Week holiday, and this is a sign of resilience, says finance firm Jefferies.

"Golden Week is traditionally the start of the slow season, but this time around demand is expected to remain strong, based on forward bookings, driven by restocking in the US," writes Jefferies.

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