Spreads Narrow, Northeast Asia Swings, Hormuz Heats Up

Transpacific spreads are tightening as the summer rally flattens, while risk in the Strait of Hormuz climbs.

In this episode, Lars Jensen and Rich Heath cover:

• Why the narrowing Asia-USWC spread, now about $1,500 per 40-foot, points to growing certainty on price
• How carriers prioritizing China loads squeeze space for Korea and Japan cargo, driving sharp swings on Northeast Asia to USEC
• Four container ships hit near Hormuz, one sunk, as Gemini’s new Suez service moves Red Sea routings closer to normal
• HMM’s new order lifting its orderbook to 32% of fleet, still one of the smallest among the top 16 carriers

Plus: tariff whiplash, an FMC proposal targeting Spanish imports, and a hacker group’s extortion claims against 34 maritime organizations.