Company news

Europe container shipping rates go up after Chinese new year

Published by March 11,2020

In the past  years, every FEB/MARCH is the slack season for container shipping from China export business , the ocean freight is also very 

soft at this period , while this year,the storage changed.

A CAPACITY shortage is looming over cargo shipments due to the outbreak of the coronavirus that triggered the cancellation of a stack of

fronthaul containership sailings from China to the US and Europe. As forewarned, this is causing a capacity crunch for cargo heading

in the opposite direction. And, as a result, rates are predictably starting to soar.

According to media  calculates that a total of 77 containership sailings have been blanked due to the coronavirus, including 48 transpacific and 29 Asia-Europe sailings.

The market rate changes every week , we also update to our customer every week 

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