The upcoming Chinese New Year will fall on 1 February 2022, a seven-day public holiday will be held between 31 January and 6 February.Chinese New Year also called Lunar New Year, is one of the biggest and most celebrated times of the year. The celebrations not only happen in China but also in neighboring countries such as Indonesia, Malaysia, North Korea, Singapore, South Korea, Vietnam, the Philippines and Brunei.
The Chinese New Year impacts the capacity to and from China and the Far East in general. Celebrations of Chinese New Year traditionally last for 16 days, starting from Chinese New Year's Eve to the Lantern Festival.
“We have been monitoring the situation, and if you have some concerns on your shipment, please contact us, we’re here to help you.”
However, its impacts on the world’s supply chains last longer than the specified time. With the unprecedented challenging market conditions, the impact of CNY 2022 is expected to be greater than usual.
The capacity and space of ocean freight are still under pressure due to port congestion. Together with COVID outbreak, some ports may face a significant backlog, blank sailings are also possible. We expect limited ocean capacity for transshipments within South China, as feeder services from South China to and from the Pearl River Delta were suspended from December until the start of CNY.Based on historical experience, rail services will be available as usual during CNY public holidays. However, departure delays are common due to COVID outbreak. The capacity of trucking is expected to resume to normal levels at the beginning of March.
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