world-economy

Matson Forecasts Strong H2 Demand as Transpacific Rates Stabilize at Elevated Levels

Major transpacific container rates have stabilized following sharp increases earlier in 2026, with spot pricing remaining elevated despite gradual softening. Shanghai-US West Coast rates stood at $6,229 per 40-foot container, while East Coast routes reached $9,054, representing roughly 12% gains from late July. Matson Navigation expects sustained demand through the second half of the year, banking on continued shipper activity across the Asia-US corridor. The rate environment has been buoyed by successful general rate increase implementations from major carriers. Enhanced security protocols across Asian ports have yielded quantifiable results, with armed robbery incidents declining sharply in the first half of 2026 following coordinated industry and law enforcement initiatives. Stronger demand indicators and improved security conditions suggest continued momentum in transpacific trade operations.