Overview

• Chinese container bookings on transpacific routes have plummeted by 30-60%, with port throughput falling 6.1% week-over-week, following US tariff announcements.
• Shipping companies have recorded 80 blank sailings out of China, with major alliances canceling or suspending routes to align with reduced demand.
• The decline in container volumes is disrupting port operations, logistics, and related industries, with significant economic ripple effects expected.
• Vietnam's shipping market is gaining momentum, with freight rates rising 43% since late March as exporters shift operations from China.
• The World Trade Organization warns of a deteriorating global trade outlook, highlighting the uncertainty caused by US tariff policies.