Surge in Asia-US container rates continues, tanker rates fall as Strait of Hormuz transits rise

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Shipping container rates from East Asia and China to the US surged due to importers pulling volumes forward amid potential new tariffs. Tanker rates softened amid a tentative ceasefire in the Middle East, while vessel flow through the Strait of Hormuz increased.

Rates for shipping containers from east Asia and China to the US continued to surge as importers pull volumes forward ahead of possible new tariffs, while liquid tanker rates continued to soften amid a tentative ceasefire in the Middle East. STRAIT OF HORMUZ UPDATE The flow of vessels through the Strait of Hormuz increased this ...