Did You Know That…

…Tenth consecutive week of spot rate decline after ocean's 'early peak'. Container spot rates have experienced their tenth consecutive week of declines – albeit with indications of some form of stabilisation – so, is it more of the same?

…Transpacific spot rates fall further now that tariff upside is over.

· SCFI Shanghai-US west coast rates sink to just $1,759 per feu; Shanghai-US east coast rates decline to $2,719 per feu

· SCFI transpacific indexes now at lowest levels since early December 2023, prior to rate surge caused by Red Sea crisis

· Upside from Asia-US frontloading due to tariffs is over for now; transpacific volumes through year-end expected to be muted.

Spot rates in the transpacific continue to slide now that frontloading has run its course. The question for the months ahead: can carriers use capacity management to arrest the decline?

…Deglobalisation is dead. Long live globalisation.

· China’s move away from the US towards a broader, more diversified global footprint may not be a temporary shift

· Intra-Asia and Asia-Middle East trade corridors are increasingly looking like destination markets rather than US tariff pit stops

· Uncertainty continues to hamper short-term investment, but longer term shifts are shaping up.

Globalisation is alive and well. It’s just evolving amid diversifying supply chains and a new world order that is less focused on the US.

…How US-India trade impasse affects container and tanker shipping.

· US importers of Indian goods hit with 25% levy; import taxes rise to 50% on August 27 due to Indian purchasing of Russian crude

· Goods from India represented 6% of total US containerised imports in 1H25; US imports from India rose 9% in 1H25 vs 1H24

· Effects on Indian tanker flows, as well as 25% penalty levy on US box imports, could hinge on negotiations to end Russia-Ukraine war.

The US and India — the world’s first- and fourth-largest economies — are increasingly at odds over trade. New US tariffs on imports from India have implications for box flows as well as tanker trades.

 

…Hamburg volumes rise on increased service calls. Weak economic conditions and trade tensions fail to slow growth at northern European gateway. Increased transhipment boosts volumes. German port reclaims market share as number of vessel calls stabilises.

…Expansion of Syria’s Lattakia port to accelerate with new agreement.

· CMA CGM group will invest €200m to extend the port’s container terminal

· Initial phase of the port update agreement is ongoing

· Port will allow access for larger vessels and capacity for 1m teu annually.

The agreement with French CMA CGM Group will accelerate the second phase of Lattakia port project to extend and update the port’s capacity.

 
…If you exercise before breakfast you can burn 20% more fat than at any other time of the day.

 

…People used to sleep around 90 minutes longer per night before electric light was invented.

 

…When a person pours a glass of white wine for themself they tend to give around 9% more than when pouring a glass of red wine…

 

…This DYKT news bulletin will be published on the website as well, go to www.eaanetwork.com.