OCEAN carriers are preparing to blank around half their advertised sailings from Asia to North Europe and America after January 22 Chinese New Year, reports London’s Loadstar. High inventory levels in Europe and the US, coupled with uncertainty surrounding future consumer demand, has seen orders cancelled or postponed, resulting in Chinese factories preparing to shut down well ahead of the holiday. For example, apparel marker Inditex said in its earnings call this week its inventory levels on...
https://www.seanews.com.tr/more-blank-sailings-from-asia-expected-after-chinese-new-year/195317/