RE:RE:The dreaded 'double top'I just checked that Feb expiry and OI went up to ~2700. In other news, it appears that Asia-NA maritime container traffic may not dip much this Chinese new year (last two weeks of Feb). That would mean strong intermodal traffic for railroaders in Q1 following a strong Q4. Q4 carload traffic looks roughly inline with 2019. Overall bullish. So how much of this is already priced in? CSX reports Jan 21. CNR on the 26th.
>>> Sharply reduced blank sailings China is holding its CNY celebrations from Feb. 12-26 this year. According to Sea-Intelligence CEO Alan Murphy, “Carriers are likely having a difficult timing planning capacity management for CNY 2021.” He added: “With under six weeks left, the clock is ticking.” As of last Friday, carriers had announced just five blank sailings on the trans-Pacific and seven on the Asia-Europe route for the CNY period. Last year, there were 73 CNY blank sailings on those routes (excluding blanking due to the COVID outbreak). In 2019, there were 67.
https://www.freightwaves.com/news/liners-highly-unlikely-to-slash-service-for-chinese-new-year