All-inclusive container shipping rates from North Asia to North America were available to some shippers without premium surcharges in the week to Feb. 17 as more space on ships became available following the Lunar New Year slowdown. But market sources also warned that there remains a backlog of cargoes to be shipped out from China .
All-inclusive container rates out of Asian production hubs held their balance at a significant discount to previous highs seen in the December and January loading period as demand for cargo faltered on limited production capacity during the Lunar New Year holiday period. “Premiums skyrocketed before Lunar New Year, now have decreased a bit,” a US-based .
Sources say that all-inclusive rates for trans-Pacific sailings in the March loading period have edged dropped significantly from pre-Lunar New Year bookings. The shipper demand and Asian output picture for late February are still unclear, as a longer-than-normal holiday period, coinciding with the Beijing Olympics, could result in a slowdown in Asian exports. During the .
All-inclusive container shipping rates from North Asia to North America held steady in the week to Jan. 21 as cancelled sailings to counterbalance a pocket of weaker demand around February’s Lunar New Year holiday in Asia kept carrying capacity in short supply. There were some discounted rates available from Chinese forwarders eager to fill space .