On April 9th, 2025, the US announced 145% tariffs on China, stifling Transpacific container shipping demand, and the shipping lines responded by reducing capacity on the transpacific. On May 12th, 2025, the US announced a 90-day pause on China tariffs, which led to an immediate container shipping demand surge. Since there was now insufficient capacity in the Transpacific market, spot rates started to increase sharply. Shipping lines reacted quickly to this situation, by reintroducing capacity onto the Transpacific. (....)