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Freight rise and space shortage near Spring Festival in
Shipping is mainly divided into container shipping and bulk shipping and freight rise is related with coming traditional peak season. Chinese sellers tend to ship goods before Spring Festival and European and American buyers need to stock up in advance for major festivals including “Black Friday” and Christmas. Major ports in
Besides, space shortage in shipping is related to that the entire shipping industry raises freight to maintain profit. Global shipping industry is relatively centralized and top 10 enterprises occupy 60% to 70% of shipping capacity. Thus, all major shipping alliances adopt withdrawal of ship and reduction of space, trying to set freight at a high level in the traditional peak season.