Major ocean carriers have implemented strategic capacity reductions to stabilise freight rates as demand softens ahead of China’s Golden Week holiday period.
Following initial reluctance to withdraw services, shipping lines have now announced additional blank sailings to better align vessel capacity with current market conditions. This decisive action comes as Chinese manufacturers prepare for an eight-day closure beginning 1st October for the National Day celebrations.
The capacity management measures reflect carriers’ efforts to prevent a significant rate decline during what traditionally marks a seasonal lull in shipping volumes. By proactively adjusting their service schedules, ocean carriers aim to maintain rate stability despite the anticipated drop in cargo demand.
For UK importers and exporters working with Chinese suppliers, these blank sailings may impact shipment planning and require adjusted booking strategies.