The unexpected truce between the USA and China, which temporarily reduces duties on the products on the other side, will probably give its place in a wave in the Pacific Ocean shipping in the coming weeks, raising the profits of Cosco Shipping, Maersk And Mitsui Osk Lines, said Kenneth Loh of Bloomberg Intelligence.
The US reduced duties to most Chinese imports to 30% from 145% for 90 days, while 125% Chinese tariffs on US products will fall to 10%. The Danish shipping giant Maersk saw an increase in bookings in the hours after the announcement of the trade agreement, a welcome breath after reducing its forecasts earlier this month.
While escalating commercial tensions blackout the prospects of the sector earlier this year and caused the US to reduce the US missions by 1/5 in April, things are again upward. Hapag-Lloyd, number 5 containers in the world, said it manages a “huge increase” of container volume this week.
The volume of containers has increased over 50% compared to recent weeks, with reservations from China to the US being particularly strong, CEO Rolf Habben Jansen said in an interview on Bloomberg television.
The trade deal was “good news”, said Rodolphe Saadé, chief executive of private CMA CGM SA, listening to the French Senate on Monday (12.5.2025). He added that the world’s third largest container carrier in the world had lost 50% of its volumes to the US since the start of the trade war.
“We are likely to see a new front-floading wave, as exporters and importers in both China and the US are trying to benefit from a sharp decline in duties during this 90-day pause,” according to Bloomberg Intelligence Loh. This wave of uplifted demand pushes the prices of fare, which had been switched on by the beginning of the year, in turn reinforcing the profits of shipping companies.
Demand for the peak period could increase even further, as the end of duties between the two countries by 90 days will coincide with the busiest sector in mid -August, with China representing about 40% of container imports in the US, reported in the US.
The cost of a 40 -foot container from Shanghai in Los Angeles increased by 16% compared to $ 3,136 last week, the highest percentage increase since December, while the price from Shanghai in New York increased by 19% over the previous week to $ 4,350, according to the World War II. Posted on Thursday (15.5.2025).
Most of China’s rush to rush to rape ships threaten to cause congestion and congestion in the ports, similar to what happened during the Covid-19 pandemic, HSBC Holdings analysts wrote in their note.
Chinese ports, including China Merchants Port Holdings, Cosco Shipping Ports and Shanghai International Port Group could also earn market share during the period, which could reduce the cost of costs with competitive export hubs and commercial paths, Bloomberg’s Bloom said. Intelligence Denise Wong. “The truce will also give Chinese exporters more time for bypasses, which can potentially help maintain tumors in Chinese ports.”