Container Sea Freights are down and shipping lines are struggling to control the situation as freight rates from China plummet.
In our view, a key reason behind this drop is the newly imposed 25% to 100% U.S. tariffs on Chinese electric vehicles. Previously, EVs were imported in large quantities, but with the new tariffs, this flow has significantly decreased, leading to a freight rate decline toUS and to Europe.
Shipping lines are trying to stop this decrease by implementing lots of blank sailings doe October.
So now is the perfect time to check the latest sea freight rates to Latvia. Don’t miss out! 🌍🚢
#FreightRates #ChinaTrade #EV #Logistics #Shipping
