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2025-08-01 18:20:16
[Tariffs loom, why has the peak shipping season failed?] ⑴ Despite entering the traditional peak season in August, freight rates on European routes have not seen the expected significant increase. ⑵ Most liner companies quoted freight rates in the mid-to-early August range of $3,000-3,500/FEU, with spot market rates approximately $1,600/FEU higher than long-term contract rates in the first quarter. ⑶ Freight rates failed to continue to rise, mainly due to the lack of significant growth in freight demand and the fact that freight rates were already high. ⑷ In addition, global trade uncertainty continues due to Trump's tariff rhetoric. ⑸ The 15% tariff agreed upon by the United States and the European Union, as well as the ongoing trade negotiations, have raised market concerns about adjustments to future trade demand. ⑹ Increased tariffs are bound to lead to higher commodity prices, suppressing some trade demand. Coupled with some "frontloading," the outlook for long-term market demand is not optimistic. ⑺ Analysis by the Ningbo Shipping Exchange indicates that the shipping market continues to face challenges amidst multiple uncertainties.
