Lunar New Year 2024: Capacity Crunch and Rate Increases
What’s Happening, and Why? Demand for global shipping has weakened following a period of sustained reduced consumer spending around the world, and this reduction in demand had driven down shipping rates as well. In an effort to prop up shipping rates and retain profitability, steamship lines have taken measures to control available global shipping capacity …
Lunar New Year 2024: Capacity Crunch and Rate Increases Read More »