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Ocean carriers see little hope as the Chinese New Year approaches

Transportation
Jan 17, 2023
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The latest data from Xenata shows a dramatic increase in blank sailings compared to the same period in 2019 in the four weeks leading up to the Chinese New Year. Declining demand is the driver this year as opposed to 2022 where heavy blanking was due to congestion and schedule turmoil. Rates on all trades remain under pressure.

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