Asia-Med Rates Turn Up as Suez Hits 60%

NYFI adds two new indices this week, Asia-Mediterranean and Asia-US Gulf, as Asia-Med rates post their first increase in some time.

In this episode, Lars Jensen and Rich Heath cover:

• Asia-Med’s turn, and whether the Europe trades have found a floor
• Red Sea normalization at 60% of Asia-Europe capacity, with the Med well ahead of North Europe, and why “normal” can still include sailings around Africa
• Why services returning to Suez free up global capacity without adding weekly capacity on Asia-Europe
• An orderbook near 47% of the fleet, 1.3 million TEU ordered by the top 10 carriers in two months, and what it could mean for vessel sizes on the Transpacific

Plus: Gemini slips below MSC on schedule reliability, and a new round of US tariffs on Canadian goods.