{"id":6995,"date":"2023-04-26T14:18:21","date_gmt":"2023-04-26T14:18:21","guid":{"rendered":"https:\/\/axxessintl.com\/declining-asian-exports-another-blow-to-transpac-contract-hopes\/"},"modified":"2023-04-26T15:02:09","modified_gmt":"2023-04-26T15:02:09","slug":"declining-asian-exports-another-blow-to-transpac-contract-hopes","status":"publish","type":"post","link":"https:\/\/axxessintl.com\/en\/declining-asian-exports-another-blow-to-transpac-contract-hopes\/","title":{"rendered":"Declining Asian exports another blow to transpac contract hopes"},"content":{"rendered":"

China\u2019s May Day holiday, lasting five days from Saturday, will delay liner operators\u2019 planned rate increases, and cargo volumes ex-Asia have dipped below expectations, further hampering
\ncontract negotiations with transpacific shippers.<\/p>\n

Shipping line hopes were raised on 14 April, when the Shanghai Containerised Freight Index showed Asia-US west coast rates had hit a five-month high of $1,668 per feu, capping four consecutive weeks of increases.<\/p>\n

Linerlytica noted that while capacity utilisation on both lanes had been \u201cdecent\u201d, as a result of blanked sailings, the May Day holiday in China is expected to affect cargo volumes, especially as capacity is higher than during the lunar new year break.<\/p>\n

It has been estimated that at least 440,000 teu of capacity has been blanked this month.<\/p>\n

Read more in an article from the Loadstar<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China\u2019s May Day holiday, lasting five days from Saturday, will delay liner operators\u2019 planned rate increases, and cargo volumes ex-Asia have dipped below expectations, further hampering contract negotiations with transpacific shippers.<\/p>\n","protected":false},"author":15,"featured_media":6993,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[798],"types-de-nouvelles":[],"class_list":["post-6995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-freight-news","tag-shanghai-containerised-freight-index-en"],"yoast_head":"\nDeclining Asian exports another blow to transpac contract hopes - Axxess International<\/title>\n<meta name=\"description\" content=\"China\u2019s May Day holiday, lasting five days from Saturday, will delay liner operators\u2019 planned rate increases, and cargo volumes ex-Asia have dipped below\" \/>\n<meta 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