"We have seen over the last couple of days that bookings have indeed been up more than 50% compared to what we saw the last four weeks."
"Right now, we see a surge that could be very short-lived, but it could also last for 60 or 90 days, very much dependent on what comes out of those trade talks between China and the US."
Following a temporary tariff rollback agreement between the US and China, American importers have significantly increased their bookings for cargo shipments from China, with reports of over a 50% rise in recent days. Hapag-Lloyd's CEO, Rolf Habben Jansen, noted that this surge could be short-lived, dependent on the outcomes of ongoing trade negotiations. Container-tracking firm Vizion reported a staggering 277% increase in bookings for the week starting May 5, highlighting a marked recovery in trade flow. However, uncertainties about future tariffs loom over this rebound's durability.
Read at Business Insider
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