Blanked sailings skyrocketing

Initially, analysts predicted that blanked sailings would subside after Lunar New Year, but new predictions push the slump past the Spring Festival and well into the end of the first quarter before improving. Vessel sharing alliances have blanked more than 27% of their sailings connected to Asia, prompting shippers who are concerned about inventory to begin planning ahead for spring. 

Despite low numbers for the start of 2023, the expected swell of cargo due post-Lunar New Year doesn’t look to materialize as predicted.

Welcome to the Year of the Rabbit

As Lunar New Year approaches, the logistics industry is feeling the crunch! The demand for transportation services spikes as businesses rush to ensure that their products are ready for the two-week shutdown in observance of the Spring Festival. Companies must act fast and confirm they have the resources necessary to meet this sudden surge in delivery volumes. With Coppersmith, you can rest assured that your logistics needs are taken care of. Our team is well-equipped to handle the hectic demands of Lunar New Year, and we have you covered with our knowledgeable staff and state-of-the-art transportation services.