Chinese NY Over Capacity

Container bookings from Asia to Europe are running over capacity in the build up to the Chinese New Year (CNY) period, which starts at the end of this month. The capacity problems are causing a spike in spot rates and space issues, with suggestions that some steamship lines have introduced roll pools.
One carrier has reported that they have received bookings taking them 200% over their capacity. This follows news that all of the main carriers were already at 100% capacity in the first week of 2017.
Traditionally the period leading up to CNY is one of the busiest of the year as manufacturers rush to move product before the region effectively shuts down. However, the reduction in capacity, which has been caused by last year’s demise of a major shipping line and the merging of other carriers, along with a relatively early CNY, means this year’s situation has become more difficult.
Additionally, there have been a number of cancellations of sailings for the period that immediately follows CNY which may result in ongoing capacity issues and rates continuing to rise.
We are closely monitoring and working hard to manage the situation and will keep our customers advised. However if you have any queries or concerns please do not hesitate to contact your local Uniserve representative.
<< PLEASE SHARE THIS STORY ON SOCIAL MEDIA EASILY BY CLICKING THE ICONS TO THE LEFT.
More News…..
Trump’s New Tariffs: Global Trade Disruptions and UK Business Impacts
On 2 April 2025 , President Trump unveiled sweeping new tariffs that will have global implications for international trade. These measures mark the most significant restructuring of U.S. tariff policy in decades and they will impact many businesses, irrespective of...
Use apprentice levy to invest in supply chain talent, LNG fleet reducing emissions by 95%, plus more insights
Bridging Skill Gaps to Strengthen Supply Chains and Empower EmployeesLearning Designed by Business for Business Uniserve’s Supply Chain Academy offers a unique opportunity to enhance business performance through world-class, work-based learning. Our British diplomas...
Investment in LNG trucks reduces carbon emissions by 95%
Uniserve is accelerating its commitment to sustainability with a significant investment in Liquefied Natural Gas (LNG) vehicles and Longer Semi-Trailers (LSTs). These pioneering transport solutions mark a decisive step toward reducing carbon emissions and enhancing...
Subscribe To Our Monthly Newsletter
Join our mailing list to receive a monthly news summary from our team.
You have Successfully Subscribed!
Follow Us: