Suspend booking! The order plummeted! Large scale suspension of vessels! 80 vessels departing from China have been cancelled!
As the trade war continues to escalate, container shipping, as a key player in global trade, is once again in turmoil. In recent weeks, a series of tariff announcements, exemptions, and withdrawals have made it difficult for shippers and logistics providers to keep up with the rapidly changing situation.
The ocean freight rates on the US route continue to decline, and many shipping companies have transferred their excess capacity to other global routes. Industry insiders predict that by the end of April, the cargo volume in the US China shipping market will significantly decrease.
According to data from trade data platform Vizion, real-time container bookings in the United States have plummeted as uncertainty related to tariffs intensifies. And according to HLS Group statistics, up to 80 vessels departing from China have been cancelled so far.