Container carriers risk a significant decrease in rates during the national holiday period in China, Golden Week, unless they pull out a significant amount of additional capacity on the major routes between Asia - North America, Asia - Mediterranean and to the East and West Coasts of the US.
According to SeaIntel's newsletter Sunday Spotlight, the carriers still have three weeks to suspend sailings in order to reduce capacity to the level seen in the same period last year. If not, a significant rate decrease is likely to occur over the holiday period in early October, where most factories shut down and volumes out of China decline sharply.
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