According to dimerco.com, Bronson Hsieh — former Chairman of both Evergreen and Yang Ming — identified seven interlocking drivers reshaping ocean freight in 2026 during Dimerco’s 2026 Annual Management Meeting.
A More Stable—but Shifting—Global Economy
The global economy is proving more resilient than anticipated. IMF forecasts project 2.4% growth for the U.S., 4.5% for China, and 1.3% for Europe in 2026. While not high-growth, this stability sustains trade volumes — though demand has relocated rather than receded.
Tariffs Remain a Primary Disruptor
U.S. tariff adjustments introduced in early 2026 affect both country-specific and product-specific imports. Enforcement has tightened, especially against shipments routed through third countries — notably across parts of Southeast Asia — to circumvent China tariffs. Reclassified cargo or ambiguous origin documentation is triggering significantly higher duties. The U.S. also removed de minimis eligibility for many low-value imports, altering cost structures for cross-border e-commerce. As policy evolves rapidly, fixed sourcing strategies are increasingly untenable.
Front-Loading Distorts Demand Signals
Importers accelerated shipments in early 2025 ahead of expected tariff hikes, causing a sharp Q1 volume surge followed by softness later in the year. This front-loading continues to skew 2026 comparisons: early-year data appears weaker only because it follows an abnormally strong baseline.
U.S. Import Demand Is Fragmented
Cargo flows into the U.S. are no longer uniform. Far East–to–U.S. volumes rose early in 2025 but declined later, ending the year slightly negative overall. Forecasts indicate softer volumes in early 2026, followed by recovery as inventory replenishment begins.
Trade Is Redirecting, Not Retreating
- China’s exports to the U.S. fell 19.5% in 2025
- Exports to ASEAN rose 14%
- Exports to Europe increased 9%
- Exports to Africa grew more than 25%
Despite regional shifts, China’s total container throughput reached over 324 million TEUs, confirming volume persistence — just along new corridors.
Southeast Asia Emerges as a Core Hub
Production is shifting into Vietnam, Indonesia, Malaysia, and Thailand to reduce tariff exposure and diversify sourcing. Major ports — including Tanjung Pelepas and Laem Chabang — are expanding infrastructure, while carriers increase capacity into these markets to meet rising export demand.
Capacity Is Ample — But Unevenly Allocated
Fleet growth is increasing supply through 2026 and beyond. However, capacity expansion is concentrated outside U.S.-focused lanes: routes into Europe, Africa, and Latin America are seeing stronger growth, while traditional trans-Pacific services face tighter alignment between supply and demand.
Source: dimerco.com
Compiled from international media by the SCI.AI editorial team.
