SeaIntel: Too many ships in the water during Golden Week
Leading up to the Chinese Golden Week holidays, the capacity on the container route from Asia to Europe has already been reduced by 52,000 teu. Yet the holiday period requires more cancellations, according to data from previous years, notes SeaIntel in a new analysis.
BY JOHANNES HARTKOPF-MIKKELSEN
Freight rates are set to plunge if more container departures are not canceled from Asia to North Europe in week 41, when China celebrates Golden Week with a one week holiday, concludes SeaIntel in a new analysis comparing the departures scheduled for this year's Golden Week with the numbers from the same holiday period over the last three years.
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