Asia-Europe capacity builds ahead of early Chinese New Year

An early Chinese New Year will see demand increase on Asia-Europe in December. Photo credit: Shutterstock.com.

An early Chinese New Year will see demand increase on Asia-Europe in December. Photo credit: Shutterstock.com.

Even after a weak peak season, carriers are adding capacity between Asia and Northern Europe and Asia-Mediterranean ahead of an early Chinese New Year.
Such an increase in supply is surprising in that it immediately follows a lackluster peak season and comes after a high level of blanked sailings in July through October. It also suggests carriers are not expecting a weakening of demand in the final few months of the year. But there will be little help from rates, according to Alphaliner.