The five-day May Day holiday shutdown in China is adding to capacity adjustment problems for ocean carriers.
Notwithstanding the 20% of headhaul Asia-North Europe sailings already cancelled next month, carriers are still struggling to best match supply with ever-weakening demand and to avoid the ‘nightmare’ scenario of half-full 20,000 teu ULCVs arriving in North European hub ports in June and July.
A carrier source told The Loadstar last week their biggest fear …
The post May Day could be a cry...
https://theloadstar.com/may-day-could-be-a-cry-for-help-from-carriers-as-another-holiday-looms/