ShippingWatch

SeaIntel: Carriers must withdraw capacity

In early October the container volumes out of China will take a big dive due to the national holiday period, but only a few carriers have announced capacity adjustments.

Photo: Georg Hammerstein/POLFOTO/ARKIV

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Stolt-Nielsen reports best quarterly profit in years

Norwegian Stolt-Nielsen, which has acquired shares in competitor Odfjell, benefitted from higher volumes and spot rates in the chemical tanker market and predicts further improvement in the market. The company is, however, not quite ready for ordering newbuilds.

Skuld opens new office in Tokyo

Skuld is to open a Japanese branch located in Tokyo. To lead the division, Skuld recruits former deputy general manager from Japan P&I Club.

Further reading

Related articles

Latest news

See all jobs