News / Carriers 'stick to their guns' on rates, hoping to sail through post-CNY downturn

© Vladimir Serebryanskiy

Having succeeded in pushing up container spot rates from Asia to Europe and to the US, ocean carriers are now turning their attention to securing as much cargo as they can for sailings  after the Chinese new year (CNY) holiday.

However, the lines’ strategy could mean significant delays in the supply chain as shippers suffer container rollovers.

With the majority of headhaul ships fully booked ahead of CNY, which begins on 25 January, carriers are planning to roll some ‘non-premium’ cargo into ...