Freight Rates Rising, Tariffs Shifting, and Policy in Motion
After a brief slowdown, ocean freight is picking up fast. With a 90-day pause on new U.S.–China tariffs and a 55% general rate now expected, Chinese exports are surging—and global shipping lanes are scrambling to keep up.
For importers who plan ahead, there’s still time to move smart.
WHAT TO EXPECT
Rates are rising
Peak Season Surcharges of $1,500–$2,500 per container are in effect. Broader rate hikes likely by June 1.
Demand is strong—but vessels are limited
Many Trans-Pac ships were shifted to other trade lanes. Repositioning could take 1–2 months, straining capacity into late summer.
Contracts may feel the squeeze
Even fixed-rate and pre-negotiated space deals may be cut as demand outpaces supply.
Container imbalances
Equipment shortages are expected, especially in Southeast Asia and the Indian Subcontinent.
Port congestion risk
If container flows stay out of sync, importers might see occasional delays, storage fees, or chassis shortages.
Red Sea update:
The Trump administration announced a ceasefire deal with Houthi rebels, aiming to protect merchant shipping. If successful, the Suez Canal could reopen—but major carriers remain cautious. Maersk, for example, doesn’t expect Red Sea transits to resume in 2025.
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