XENETA Weekly Ocean Container Shipping Market Update – 2.5.25
https://www.xeneta.com/news/xeneta-weekly-ocean-container-shipping-market-update-2.5.25
Carriers reacted to the drop in exports out of China in the immediate aftermath of reciprocal tariff announcements by the US Government at the start of April by increasing blanked sailings – just as they did so successfully in the early months of the Covid-19 pandemic. (on Far East to US)
There may be an element of shippers sending goods to Europe rather than the US due to tariffs, but clearly not enough to meet the level of capacity being deployed by carriers. (on Far East to Europe)
‘How bad will it get?’ – air cargo market awaits impact of tariffs and de minimis changes
One of China’s e-commerce behemoths, Temu, has already responded by dramatically reducing its advertising spend in the US, but the outlook for global air cargo – so dependent on e-commerce income for the last 2-3 years since covid – extends far beyond the US border, says Niall van de Wouw, Xeneta’s Chief Airfreight Officer.
“This is a double-edged sword. A decrease in demand on one of the key airfreight lanes between Asia Pacific and North America will have a big impact, but so too will the redeployment of capacity on a global level,” he said
