Carriers

Chinese New Year rush may well fail to meet carriers' expectation

Spot rates for containers out of China continue dwindling going into the Chinese New Year in February where volumes and rates usually go up. Lead-up to the holiday has been the worst in 13 years.
Port of Shanghai, where harsh restrictions keep a damper on exports. | Photo: Aly Song/Reuters/Ritzau Scanpix
Port of Shanghai, where harsh restrictions keep a damper on exports. | Photo: Aly Song/Reuters/Ritzau Scanpix
by DANIEL LOGAN

Normally, liner operators look forward to the weeks leading up to Chinese New Year in February with ballooning spot rates on account of last minute shipments going out before closing up shop over the holiday.

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