The shippers are in for struggle yet another time, with the market buzzing in speculations of liners planning of ‘blank sailing’ during China’s Golden Week holiday in early October to extract maximised profits.
The scheme follows a set of tactics executed by companies to build on the pandemic induced consistent high freight rates. The partial shutdown of the major Ningbo’s Meishan terminal, so close to the national holiday has made it ideal for executing another round of blank sailings.
The...
https://container-news.com/chinas-golden-week-to-trigger-new-round-of-void-sailings/