Container lines cancelling hardly any services over Chinese new year period.

Analyst eeSea said that its Blank Sailings Tracker showed that 1.7 percent of head haul services on the three main east-west trades have been cancelled in February, which includes CNY, and in March this figure falls to 0.6 percent.

eeSea said that effective capacity in January 2021 on the main east-west head haul trades was up 7.6 percent, over the same period in 2020, when Covid-19 was only starting to make an impact on the Chinese market in the run-up to CNY.

A similar picture was painted by Sea-Intelligence (SeaIntel) looking at the specific period around CNY of weeks...