Ray Dalio in Principles argues that while current events like tariffs grab headlines and have significant impacts, they are merely symptoms of much larger, more fundamental shifts underway. Focusing solely on these immediate events, attributed often to specific political figures like President Trump, distracts from the underlying breakdown of the major monetary/economic, domestic political, and […]
Read MoreOcean carriers operating on the eastbound trans-Pacific trade are preparing to cancel more sailings following a surge in booking cancellations last week. The uncertainty surrounding steep U.S. tariffs on Chinese goods is prompting shippers to pause or abandon freight plans, potentially leaving vessels departing China half-empty well into May. Gene Seroka, Executive Director of the […]
Read MoreThe global maritime sector is navigating turbulent waters as the U.S.-China trade war continues to fuel widespread uncertainty. Industry leaders say the constantly evolving tariff landscape has made long-term planning nearly impossible. Jacob Winthereik, interim CEO of Lauritzen Bulkers, noted that with new tariffs being introduced or modified almost weekly, the industry sees no signs […]
Read MoreOverview of Tariff Adjustments Effective immediately, the Executive Order introduces revised reciprocal tariff rates to align with global trade dynamics and address retaliatory measures by trading partners. These changes aim to promote fair trade practices while supporting domestic industries. Updated Tariff Structure Products Originating from China, Hong Kong, or Macau Applicable tariffs include: Commodity-specific Most-Favored-Nation […]
Read MoreRecent data from WorldACD reveals a slight decline in airfreight demand from China and Hong Kong to the US last week, even as shipping rates increased. For the week ending April 6 (week 14), demand from these key markets fell by 1% compared to the previous week, marking the first drop since the beginning of […]
Read MoreAirfreight rates continued their upward trend last week as businesses sought to transport goods ahead of the anticipated announcement of sweeping new U.S. tariffs. According to data from TAC, compiled for the Baltic Air Freight Index, overall air cargo rates increased by 2.4% in the week ending March 31, reflecting a 5.1% rise compared to […]
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