War Sends Asia-US Ocean Rates Soaring 234% Since February

The effects of the Iran war on trade routes far from the conflict’s epicenter were drastic and immediate, and were further empowered by a surge in frontloading as importers raced to beat the Trump administration’s new tariffs implemented this week.  Far East container shipping rates are gradually softening and expected to decline further in August, though they are falling significantly slower than they spiked. Read more here.