News / Carriers have pulled 1.67m teu of capacity out of China, costing $1.5bn

Close up of cancelled stamp on a application form.

19/02/2020

Ocean carriers have withdrawn more than 1.67m teu of export capacity from China since the lunar new year holiday, according to an Alphaliner survey.

Based on an average freight rate of $1,000 per teu, the cumulative revenue lost to the carriers will have exceeded $1.5bn, putting ...

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