Blank sailings by liner operators are predicted to rise to 16% of scheduled sailings before and after China’s Golden Week as the national holiday prompts factory closings that are weakening the container market.
This surge in cancelled voyages is expected to have started on Monday to continue until 22 October as carriers try to boost falling freight rates as a result of festivities held from 1 to 7 October to mark the Republic of China’s founding in 1949, according to Container xChange.
