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The Strait of Hormuz crisis has abruptly changed the tone of the ocean freight market.

In this week’s Supply Chain Secrets episode, Caroline Weaver and Lars Jensen are joined by Peter Stallion of Clarksons to unpack what is happening right now and what it means for shippers, carriers, and NVOCCs navigating another wave of volatility.

Peter brings the perspective of one of the world’s largest shipping brokers and futures market participants, explaining how financial tools are beginning to complement traditional freight procurement strategies.

In this episode:
• Why the Strait of Hormuz is effectively closed to container shipping
• How fuel spikes and emergency surcharges are spreading across global trades
• Why freight indices have not yet fully captured the market shock
• What freight futures actually are and why adoption is accelerating
• How procurement teams can use hedging as a complement to carrier relationships and market expertise

The big takeaway: volatility is no longer rare. The industry is beginning to develop tools designed to operate in it.