The capacity reductions which have been already decided by the shipping lines amidst the upcoming Chinese Golden Week are at similar levels to the Covid-19 curtailments during the peak period of the virus in the second quarter.
The essential difference, according to a container market analyst, is that Golden Week capacity cuts will happen on a significantly more short-term basis.
During the October holidays in China, individual voyage numbers are cancelled, while in the pandemic lockdown the...
https://container-news.com/golden-week-transpacific-blankings-reach-covid-19-peak-levels/