The ongoing US-China trade dispute appears to be having a marked impact on the trans-Pacific container market, with rates continuing to see some downside as importers are reluctant to book new contracts, with the significantly higher landing costs in the US eating into margins, closing several importing routes. The rising demand for Southeast Asia bookings has been a dominant driver in the trans-Pacific container market over the course of recent weeks, taking significant market share from the North Asian market following these tariffs. This report – including eight pages of data...
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