Vespucci Maritime CEO Jars Jensen predicts that a wave of blank sailings could be announced in October, as China’s exports are set to fall due to the one-week National Day holiday starting 1 October.
Until now, poor capacity discipline has prevented rates from surging amid the usual peak season in the third quarter.
Writing for the Baltic Exchange’s monthly report about the container shipping market, Jensen said, “With the Asian export trades showing weakness now, the concern would be for the...
https://container-news.com/more-blanked-sailings-expected-in-october/