The lack of developments on negotiations between China and the US on tariffs is expected to contribute to the first full-year decline in volumes on the headhaul eastbound transpacific trade since the global financial crisis.
The last time the trade saw volumes decline was in 2009, in the wake of the collapse of Lehman Brothers and when global port throughput fell by around 10%.
According to an Alphaliner forecast today, eastbound transpacific …