European line tariffs also rose, Shanghai to Europe, the Mediterranean Sea tariffs rose 5.04%, 7.87%. Shipping companies due to the high profits of the U.S. line to deploy ships, resulting in the contraction of other routes capacity, the South American route tariffs soared 41%.
Institutions expect freight rates to peak in mid-June, when the end of concentrated shipments, supply and demand tension eases, and the rush for space will subside. However, the uncertainty of the policy after the expiry of the ‘90-day tariff window’ and the weak economy in Europe and the US may lead to a rapid decline in freight rates. The current round of freight rate increase is caused by policy stimulus, market concentration and capacity adjustment, related companies need to grasp the opportunity and cautiously prevent risks.
#International shipping #Freight rates #China-US trade #Concentration market