US-China truce extension lifts 4Q freight rates, tightens capacity

T2Covered by 1 source · first reported by JP/KR/TW: Korea Herald / Taipei Times / DigiTimes at 04 Oct, 23:45 UTC

After US President Donald Trump met Chinese President Xi Jinping, the two sides agreed to extend their trade truce, a move the market read positively. Industry participants expect previously delayed China-US shipments to be released gradually, pushing freight rates higher from October and…