Orient Overseas International Ltd. warned that freight rates may come down as seasonal demand wanes and new container ships enter service, amplifying the pain of higher fuel costs. Demand rose rapidly during the first half after the US government launched a Section 301 investigation to replace President Donald Trump's signature tariffs which were struck down by the Supreme Court, the liner said in a Thursday filing.

The company's first half earnings dipped as the liner navigated shifting trade dynamics and rising operational expenses. Despite robust demand in early 2026, the outlook remains cautious with new vessel deliveries expected to increase capacity significantly.

Orient Overseas highlighted that the combination of seasonal softening and expanding fleet could pressure freight rates further downward. The liner continues to monitor macroeconomic developments and trade policy changes closely.

The filing noted that while current volumes remain strong, the company is preparing for a more challenging second half as market conditions evolve.