Trade Analysis: Transpacific: cargo-partner

Main Ports: Far East to US West Coast

Main Ports: Far East to US East Coast

^{Source: Market average rates for 40‘ containers according to www.xeneta.com}

Trade Analysis: Transpacific

Situation

Following the announcement of a 90-day period with reduced tariffs, we observed a significant increase in transported volumes, primarily from China. Volumes from Southeast Asia also remained strong, but did not increase as much. Services between the Far East and the US West Coast will be fully reinstated, and additional capacity on this route will eventually become available. Even a shipping line initially known as an intra-Asia carrier has entered this market, recognizing a short-term business opportunity. Space is almost fully booked until mid-June, and carriers have announced premium rates for the limited capacity that remains. With multiple peak season surcharge (PSS) announcements, rates for shipments from China to the US West Coast are expected to reach 10,000 USD in the second half of June. This short-term impact likewise affects rates and space to Mexico.

Obstacles

Shippers are currently trying to move as much cargo as possible within a short timeframe. A stronger restocking push had been expected, given that it is not yet clear whether the 90-day tariff pause will be extended further. This would help ease the current market pressure by allowing volumes to be spread out over a longer period of time.

Outlook

The tight space situation and peaking rates are expected to continue in June and July.

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