Pacific Rates Near 2024 Levels and What's Driving Them

Pacific rates on both U.S. coasts are near 2024 levels, and the data Lars Jensen reviews points to carrier capacity management as the driver.
In this episode, Lars Jensen and Rich Heath cover:
• How Pacific vessel utilization has shifted upward since before the pandemic, and what that means for rates
• More Gemini and MSC services returning to Suez routing, and who carries the risk if the Red Sea situation deteriorates
• Hormuz, where container cargo is moving by land-bridge corridors while bunker fuel prices climb
• Maersk's order for 26 vessels and the carrier positioning game heading into the 2030s
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