U.S. tariffs, easing of Middle East tensions threaten reversal of shipping boom
Plans by U.S. President Donald Trump to introduce new import levies are damaging trade, while the prospect of a lasting ceasefire in the Middle East could redirect traffic back through the Suez Canal, driving rates lower.
Global liner rates fell 5.9% sequentially in the week ended Feb. 27, after earlier breaking below $3,000 per 12-meter container for the first time since early May, according to World Container Index data. The Shanghai Containerized Freight Index has lost 57% from its peak in July.
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Yomiuri Shimbun
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