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Yang Ming forecasts a "positive trend" for Q3 shipping volumes and rates as US-China tariff pressures ease, but warns of uncertainty due to Iran-Israel tensions and potential Red Sea route reopening.
West Coast rates collapsed from $6,100/FEU to $3,000 (with $2,000 spot offers) as new capacity flooded the market, dashing carriers' $10,000 dreams. Analysis reveals alarming oversupply signals.
