When the US–Ch ina tariff truce news came through last month, I spent the afternoon on the phone telling customers more or less the same thing: let's finish your orders and get them on the water now, not in six weeks. The reasoning was pretty boring. A truce means everyone front-loads. Front-loading spikes demand. And carriers don't sit still for that — blank sailings, rate increases stacked ahead of peak season. The capacity doesn't really vanish. It gets pulled on purpose.