Capacity still very high post-Chinese New Year
Ever since demand started to slide, and freight rates with it, carriers have struggled to pull enough capacity from the market to stop this bleed. As Chinese New Year (CNY) approached, the expectation was that carriers would use this as an opportunity to blank a substantial number of sailings, to reign supply back in. However, this only happened within 1-3 weeks of CNY; a very short window
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