Transpacific freight rates recorded their largest ever one week jump as the impact of TACO (Trump Always Chickens Out) from the roll back of US tariffs has provided a windfall for the container market. The market surge has also spilled over into the charter market where vessel availability is very low and carriers are still seeking tonnage to take advantage of the large rate hikes.
The legal challenge in the US to Trump’s tariffs has added further uncertainty to the transpacific traffic volumes