Source: Market average rates for 40‘ containers according to www.xeneta.com
Trade Analysis: Transpacific
Situation
Shipping lines are reducing capacity on this trade due to low demand, which has contributed to further rate declines. Carriers were not able to build a large roll pool prior to the holidays in China.
Obstacles
The US administration has proposed a service fee for Chinese-owned, -operated, and -built vessels, which will result in additional costs for shipping lines. The implementation date is October 14, but carriers have not yet announced any additional costs. Initial announcements state that they will neither adjust their services nor introduce additional charges. This situation should be observed closely as it develops.
Outlook
The outlook for Q4 is more favorable than previously expected, with space availability remaining sufficient and rates relatively stable. However, new tariff announcements could affect supply and demand dynamics, which may impact pricing or scheduling.
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