Ocean Carriers to Increase Blank Sailings from Asia Post-Chinese New Year

Against a background of extremely weak demand forecasts, ocean carriers are preparing to blank around half their advertised sailings from Asia to North Europe and the U.S. after Chinese New Year on January 22.

High inventory levels in Europe and the U.S., 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 CNY holiday.

Read more in an article from gCaptain.