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The Chinese New Year’s Effects on the Shipping Industry

In today’s global world, it is significant to take a note of the holidays around the world which may influence your business. As many of you will agree, one of the most significant holidays of all is the Chinese New Year which has a huge influence on global supply chains originating from China. Chinese New Year (CNY), also known as the Lunar New Year or the Spring Festival, is the most important traditional Chinese holiday and by far the longest holiday period, so its financial impact is greater than that of other countries’ holidays.