Limited space for exports from China and India
With the Chinese new year fast approaching the race is on to get goods shipped before the holiday shutdown around the 31st January 2014. However the continuing issue of cargo space on vessels leaving major chinese ports is still a major concern. Most vessels are full despite the large general rate increases being applied with frequent occurances of bookings been rolled over to other vessels. This has created an issue of containers being booked on one vessel rolling over to the next and then having a general rate increase applied, which is having to be passed on to clients.
India has also been continuing to see a issue with space availability from the major ports of Mundra and Nhava Sheva, which looks like is going to continue for another couple of weeks at least.