CHINESE NEW YEAR MARKET REVIEW European and American freight continues to be depressed, individual routes appear to cover the fall,The proportion of flights suspended is at a record high
The newest data from the Shanghai Shipping Exchange after the Chinese New Year show that China's export container transportation market is basically stable, with the freight rates of most ocean-going shipping markets falling slightly, especially those of Australia, New Zealand and South America.
In addition to the rate is still falling, the ship company's stop and jump port strategy is still continuing!
Form Shanghai to West America as an example, as many as 25 flights were suspended in the next three weeks. Similar drastic suspension was common in South and East China ports.