Carriers boost capacity on Asia-North Europe ahead of CNY

Carriers boost capacity on Asia-North Europe ahead of CNY

Mainline operators are deploying more Asia-North Europe capacity to ride on Asian exporters’ rush to get cargo out before the Chinese New Year holidays begin 17 February. The Shanghai Container Freight Index shows that, in teu terms, Asia-North Europe rates gained 10%, to $1,690, while for 40ft containers, the growth was 13%, to $2,880. Linerlytica reports today that market sentiment turned positive at the beginning of the year, with teu-mile gr…