Transpacific carriers hold course despite demand drop and rates pressure
- 94% of scheduled sailings between September 1–October 5 remain uninterrupted
- Spot rates have dipped significantly over the past month, but saw a brief spike this week
- Transpacific cargo bookings down 20%, with no rebound expected in September
Despite falling demand and mounting pressure on spot rates, transpacific container carriers are holding firm on scheduled sailings, with minimal capacity cuts and only isolated service suspensions. A brief rate rebound offers little relief as legal uncertainty over the US’ so-called ‘reciprocal tariffs’ adds fresh volatility to trade outlook
