Capacity keeps rising while demand has flattened into mid-year, pushing spot rates back to 2023 levels (~-48% YoY on SCFI). Nominal fleet growth of ~7% YoY is offset by Suez diversions and congestion (cutting effective capacity), but carriers are now increasing blanked sailings (~15% of ex-Asia capacity in weeks 40–43) to stabilize rates. US import volumes -2% YoY in Q2, […]
