The redeployment of tonnage to the Asia-US trade route through major transshipment ports is causing vessel bunching at major hubs in Asia, slowing cargo and soaking up functional capacity when US importers need it most.
This makes interesting reading for the U-Freight Group with our portfolio of international container shipping services, many of which transit through key oceanfreight gateways across Asia.
Recent Portcast data, as displayed on JOC.com’s Gateway, shows a sharp spike in vessels waiting to berth at Shanghai, Ningbo, Singapore and Port Klang.
Ocean carriers are shifting capacity toward trades serving the US to meet a rebound in demand driven by the 90-day reprieve on higher US tariffs and the start of peak season for year-end holidays.
The pause on higher US tariffs for countries other than China expires July 9, while the temporary reduction in tariffs for imports from China — from 145% to 30% — expires in mid-August.
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