Published by
Daily Financial Times
Daily Financial Times
A.P. Moller – Maersk has said space to remain tight through to Chinese New Year (CNY) due to ongoing capacity constraints and sailing delays. In its latest Asia Pacific market update, the world’s largest ship and logistics service provider projected a pre-holiday cargo spike ahead of the upcoming CNY on 1-7 February, as some South China barge services will remain suspended. Maersk expected a tight supply of 40 ft. equipment, however, stated that there is a surplus of 20 ft. containers, especially in the greater China area, although some locations may see shortages of equipment ahead of the CNY…