Category: Hong Kong

The 90-day suspension of US-China tariffs has delivered a sharp jolt to transpacific ocean freight, triggering an unseasonal spike in demand and pushing spot rates up significantly. This unexpected policy reprieve has not only created a narrow window of predictability for US importers, but als... Read more

Fashion brands and retailers around the world have welcomed a temporary easing of tensions between the US and China, but remain wary of the wider uncertainty still gripping global supply chains. A 90-day agreement announced on Monday May 12 will, from May 14, reduce US tariffs on Chinese goods... Read more

Airfreight markets posted a record performance in March, with particularly strong activity on Asia, US, Europe and UK trade lanes. The surge, driven by shippers front-loading cargo ahead of anticipated US tariffs, has provided a benchmark for what could follow in the months ahead as recent tariff... Read more

A dramatic shift in the Red Sea shipping crisis may be underway following US President Donald Trump’s announcement that Houthi militants have agreed to halt their campaign against commercial vessels. His declaration has sparked hopes of restored freedom of navigation through one of the world... Read more

On 2 April 2025, President Donald J. Trump announced sweeping new tariffs, targeting approximately 60 countries, with China singled out for the most severe action. In response to retaliatory tariffs from Beijing, the United States escalated its own duties, ultimately imposing a 125% tariff on all... Read more

After weeks of speculation, US President Donald Trump has sharply escalated tariffs on Chinese goods to 125%, while simultaneously offering a 90-day reprieve to other trading partners. The baseline tariff of 10% applies to imports from all countries other than China, including the EU. This rat... Read more

Further to our recent update on the major changes to US tariffs (link), the global trade landscape remains highly fluid, with the situation evolving rapidly. Last Wednesday, 2nd April, President Donald Trump announced a comprehensive tariff strategy, imposing a universal 10% tariff on all impo... Read more

On 2 April , President Trump unveiled sweeping new tariffs that will have global implications for international trade.  These measures mark the most significant restructuring of U.S. tariff policy in decades and they will impact many businesses, irrespective of whether they trade with the Uni... Read more

The global ocean freight market is undergoing a period of transition in 2025, influenced by regulatory changes, shifting trade patterns, and evolving carrier alliances. While demand remains strong in key regions, rate volatility persists due to supply chain disruptions and excess capacity. The... Read more

The global air freight market in February and early March reflected moderate year-on-year (YoY) growth, with total worldwide tonnages up 5% in February and 2% higher YoY in early March. However, market dynamics remain volatile, influenced by shifting trade policies, geopolitical factors, and e... Read more

Just seven weeks into 2025, global supply chains have already faced a whirlwind of challenges. From industrial action to trade barriers and shifting alliances, businesses must stay agile to navigate ongoing disruptions. Here are seven of the most impactful developments so far this year. 1. ... Read more

Despite growth and robust demand airfreight faces significant challenges, including reliance on eCommerce, capacity pressures, and geopolitical disruptions. Airfreight demand on the Asia–Europe route saw a strong performance in 2024, bolstered by eCommerce, automotive parts, pharmaceuticals,... Read more