Container Shipowners Swamped as US-China Trade Detente Revives Demand

Container shipowners swamped as US-China trade detente revives demand

Shipowners race to restart voyages canceled during China shipping downturn. Read more at straitstimes.com.

The port of Hamburg has recently increased sharply. In the first quarter, six percent more containers were handled than in the previous year. Overall, goods handling also increased by three percent from oil and ore.

Freight operators said that since the 90-day truce in the U.S.-China tariff war last weekend, a surge in container ship bookings between China and the United States has caused congestion at Chinese ports that may take weeks to clear. However, industry experts predict that this surge will not lead to a surge in freight and is still within controllable range.

Container ship owners swamped as US-China trade detente revives demand

Container ship bookings for China-to-US cargo have surged since the countries declared a 90-day truce on punitive tit-for-tat tariffs last weekend, operators said, spawning traffic jams at Chinese ports and factories that could take weeks to clear.

Reservoirs of container ships for the transport of goods from China to the United States skyrocketed since countries declared a 90-day truce in punitive tariffs last weekend, operators said, and generated jams in Chinese ports and factories that could take weeks to resolve. Second tsunami? U.S. importers, from sneakers and couches to construction supplies and auto parts, rush to introduce their goods before the deadline for restoring tariffs is …

Reservoirs of container ships for the transport of goods from China to the United States have skyrocketed since countries declared a 90-day truce in punitive tariffs last weekend, operators said, generating jams in Chinese ports and factories that could take weeks to fix.American importers, from sneakers and couches to construction supplies and auto parts, rush to introduce their goods before the deadline for restoring tariffs is met, setting th…