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Date: 04/04/2025

Chinese freight order activity down

With a lot of trade front-loaded in the January to March period, uncertainty about the future of consumer demand has resulted in a steep drop in new freight order activity and the worst Q1 for Chinese freight orders in two decades. There was a steep decline in new freight order activity in every region across the US and a steep quarterly decline in Chinese freight volumes as uncertainty about consumer demand spread. The tariff rates disclosed were much higher than expected for many nations, with an additional reciprocal tariff rate for China at 34%, sending the markets lower. The more recent freight weakness out of China is pressuring spot rates for Shanghai exports, which have fallen 46% since the beginning of the year - the largest first quarter fall since BIMCO began tracking the Shanghai Containerized Freight Index in late 2009, as per a report.
 
Source: Exim News Service: London, April 3



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