Lunar New Year (LNY) begins today (29 January), and as manufacturing and logistics have slowed down in the past week or so, ex-China ocean rates – that had climbed earlier during the pre-holiday rush – have also eased.
Asia-Europe prices started climbing earlier than usual this year as shippers on these lanes accommodate longer transit times around Africa, and this planning ahead may mean not much of a backlog will need clearing just after the holiday. For the Transpacific though, rates may...
https://container-news.com/ocean-enters-lny-slump-but-tariffs-on-the-horizon/