News / As China returns to work, box carriers look to rate hikes to help regain losses

06/03/2020

Ocean carriers are preparing for a return to fully booked ships.

The recovery in China’s manufacturing is reported to be up to around 80% of pre-new year levels, and regional transport movements are also getting back up to speed, it seems.

“We have seen many terminals and depots returning to normal operations,” said OOCL. “The reefer plug shortage issue in Shanghai, Tianjin and Ningbo has also gradually improved and more trucking services have resumed.”

The carrier’s view was supported by online freight marketplace ...