Peak Season Is Loading: Supply, Demand, and a New Hormuz Attack

Freight rates on both Asia-Europe and Transpacific are strengthening and this week Lars breaks down why the driver is fundamentals, not Hormuz. Meanwhile, a vessel explosion in the Gulf of Oman adds fresh tension to an already fragile situation.
In this episode, Lars Jensen and Caroline Weaver cover:
• Why capacity injection on Asia-North Europe and Transpacific is running well below demand growth, and what that means for peak season rates
• A breaking report of a vessel explosion in the Gulf of Oman and what it signals about the state of the Hormuz conflict
• The five and a half billion dollar added fuel cost burden on the container shipping industry over the past three months and how it compares to total industry EBIT
• Gemini Alliance reliability bouncing back to 85% and a standout 98.5% on Asia-US West Coast
• The UK ETS taking effect July 1st and the loophole it closes for carriers routing through UK ports
• US consumer sentiment hitting its lowest reading since 1952, and whether that translates to freight demand