Space availability on the trade lane has tightened as a result of MSC withdrawing its Indus Express service, while other competing networks reported schedule disruptions in the form of six blank sailings.
The volume of high-tech goods from Asia to North America increased 70% year over year while US imports of e-commerce declined, according to aviation consultancy Aevean.
Encouraged by the stickiness of early June rate hikes, carriers are capitalizing on robust demand as an early start to peak season keeps ships full on North Europe and Mediterranean trades.
Empty containers trapped on the wrong side of the Strait of Hormuz are impacting export markets, forcing ocean carriers to seek out lessors for more equipment.
