Bookings data points to strong gain in China-US container flows
- Transpacific bookings are ramping up in the wake of tariff reprieve, according to data from Vizion
- China-US bookings were up 21% over the past two weeks versus the same period last year
- Container lines are shifting more tonnage to the transpacific; weekly capacity will average over 560,000 teu during the next four weeks, vs the recent low of 377,000 teu
The volume of cargo being booked in China for delivery to the US is up significantly from recent tariff-induced lows, implying higher container shipping demand and higher spot rates ahead