Transpacific trade awaits post-Chinese New Year crash
The transpacific is braced for post-Chinese New Year blues, as the trade counts the cost of end-2018 frontloading. Demand is anticipated to drop 1% in the first quarter, putting the squeeze on rates and pressure on carriers to cull supply
Capacity control will be top of the agenda as carriers try to mitigate against the expected volume shortfall in the weeks ahead
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