Ocean carriers to increase white shipments from Asia after Chinese New Year

In the latest North American market update, Maersk said that this year “more customers are choosing to wait out the holiday period, as stocks shipped in early 2022 are already in a position to meet demand.”

Facing extremely weak demand forecasts, ocean carriers are preparing to blank around half of their announced sailings from Asia to Northern Europe and the US after Chinese New Year on January 22.

High inventory levels in Europe and the US, coupled with uncertainty about consumer demand, have caused orders to be canceled or postponed, with Chinese factories preparing to close well in advance of the holiday. Chinese New Year.

(Gcaptain, 2022)