Shipping Lines serving the Asia to Europe routes have started the Chinese New Year breathing fire and brimstone. Having imposed some modest increases to freight rates prior to the CNY holiday, they’re trying to keep the momentum going post CNY with some red-hot increases already announced for March and beyond.
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The Shipping Lines’ New Year Resolution
The Shipping Lines serving the Asia to Europe routes have already decided on their New Years Resolution; to reduce capacity, improve their margins and increase rates. Like the resolutions that we all make every January 1st, only time will tell if they actually stick to them!
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