More pressure on transpacific rates as carriers bet on a China-US trade deal
Mainline operators are pushing for higher transpacific rates in May, betting on a trade deal ...
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By Mike Wackett
Despite the start of the traditional slack season – as China’s Golden Week holiday gets underway – there seems no easing of the demand spike from Asia to the US and Europe.
And reports to The Loadstar suggest some factories in China are continuing production during the holiday to catch up with the backlog of orders.
Capacity on sailings to the US and Europe remains “extremely tight” through to November, according to a Chinese-based NVOCC contact.
The source also reported shortages of 40ft ...
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