In the final week of June, global logistics was hit by a triple shock: trans-Pacific spot rates fell more than 20 %, China-Europe trains hit the 110,000-service milestone, and MSC moved to acquire Romania’s Mangalia yard to lock in European shipbuilding capacity. With global port congestion touching 96 % and U.S.–China tariffs frozen at a steep 55 %, the industry now faces a “high-cost, highly diversified” supply-chain era for the rest of 2025.
