China’s production more or less stop completely during the celebrations of the Chinese New Year. If you or your company require cargo from China, DSV recommend booking well in advance, as most airlines, ocean carriers and rail operators cancel or delay most of their departures.
This year the Chinese New Year, or Spring Festival as it’s been called since the 20th century, falls on Friday the 16th of February. The Chinese New Year remains the most important social and economic holiday in China, where most of the population will be on holiday for roughly 15 days. This means that more than 750 million people, approximately the population of Europe, will be travelling to their families or going on vacation.
From the 15th of February up until the 21st of February all offices and factories will be closed in China. Hong Kong will only be closed for three days.
Because of increased demand, rates will stay up and space will be more difficult to secure – both trends that will continue through the start of the Chinese New Year. End-of-year blank sailing have led to cargo overflows, which will further shorten space. DSV expects a strong cargo rush and space shortages in the coming weeks, as well as severe delays on shipments during the Chinese New Year celebrations.
Prepare for Chinese New Year
- Book your shipments well in advance prior to Chinese New Year celebrations
- Build in greater lead times
- Follow up with suppliers on the Cargo Ready Date – make sure cargo is available well before the intended vessel cut-off date
- Consider alternative ocean services with longer transit times, which may be less likely to be overbooked.
Please contact your local DSV office for more information and assistance.