Gong Xi Fat Cai! Freight rates out of Asia hold steady as Year of the Rat begins

On the eve of Chinese New Year, container freight rates out of Asia remained largely unchanged from the week before, as the country begins its annual two-week public holiday, with factories mostly shut and port and shipping activity muted.
However, after several weeks of blanked sailings, shippers and forwarders – particularly on the Asia-Europe trades – can expect container rollovers and delays to shipments, according to Martin Holst-Mikkelsen, head of ocean …

The post Gong Xi Fat Cai! Freight rates out of Asia hold steady as Year of the Rat begins appeared first on The Loadstar.

Source: The Loadstar

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