Chinese New Year affects Asian freight traffic
Chinese New Year is a major holiday in China and other East Asian countries. The event has a significant impact on world trade and global freight markets. The next New Year will be on Wednesday, January 29, 2025.
The Chinese New Year, also referred to as Lunar New Year or Spring Festival, is one of the most significant annual Chinese celebrations. The upcoming Chinese New Year is the Year of the Snake, falling on 29th January 2025, and running until 12th February.
In connection with the celebration, a seven-day public holiday will be held between 28th January and 4th February. On any given year, the Chinese New Year impacts the capacity to and from China and, the Far East, in general. The usual consequences of this include long transit times, flight cancellations and void sailing programs. All of which have an impact on the global freight market for weeks after the Chinese New Year.
If you are not already considering this impact in your business planning, now is the time to do so.
Plan ahead and consider alternatives
To prepare your business for the upcoming Chinese New Year, we recommend that you consider creating a forecast for a longer period of time.
Finally, we encourage you to reach out to your local DSV office. We are here to assist you, and through our extensive global network and vast experience in navigating any market situation, our skilled colleagues can help you find alternatives and provide you with the best solutions for your business’ logistics needs.
Key Dates
Starts 29th January, running until 12th February
Public Holiday held 28th January until 4th February
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