As August 1st approaches, it’s clear that this year’s peak season never truly arrived. Despite ocean carriers’ attempts to raise freight rates through a General Rate Increase (GRI), market conditions simply wouldn’t cooperate. Soft demand, shifting tariff timelines, and volatile policy swings under the so-called “TACO” strategy have upended traditional shipping cycles. Rates for August are now falling, not rising, and with booking volumes down … Read More
Global Tariff Shake Up: Key Updates from June 2025
The Trump administration has activated a wide-reaching tariff campaign worldwide but paused key reciprocal tariffs until July 9 to allow space for negotiations with the EU and other regions. With only the UK deal finalized so far, all eyes are on whether deals with the EU, China, and Canada can be sealed in the next three weeks. US‑China Framework Takes Shape On June 10 in … Read More