Rates surge on US-China truce but capacity clouds outlook
- US-China tariff truce and strong demand have driven container shipping rates sharply higher, with expectations for further gains
- Rising capacity and post-truce uncertainty may limit further mark-ups by carriers
- Red Sea tensions persist and will keep most carriers on longer African routes
After last week’s surge in freight indices, market optimism has grown. Analysts predict the strong momentum could continue into the summer peak season, but the rapid increase in transpacific capacity may suppress further rate hikes
