The container trade from Asia to West Coast North America is struggling to ward off the effects of the trade war.
It has been a tough year so far for carriers in the Asia-West Coast North America container trade. The unpredictable trade war between the US and China that last year provided a welcome boost to the eastbound market has this year had the reverse effect. Last year’s annual growth rate of 5.7% was artificially stimulated by the dispute and was always likely to regress, but the extent to which growth has contracted has forced lines to recalibrate their products.
More recent US-only data for September from PIERS showed a continuation of that trend with shipments from Asia to WCNA falling by 5.8%, versus a 6.9% rise to other coasts.