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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