Shippers are resigned to the probability that container spot freight rates from Asia will remain at their current high levels for some time after Chinese New Year.
Today’s beginning of the Chinese lunar new year would usually herald several weeks of downward pressure on freight rates, but so far there are no indications of a slack season developing in the first half of the Year of the Ox.
“After a year of so …
The post No slack season, no easing of spot rates, as cargo pours out of Asia...
https://theloadstar.com/no-slack-season-no-easing-of-spot-rates-as-cargo-pours-out-of-asia/