Despite the rare intervention by a US president in maritime affairs, the regulatory landscape for ocean shipping remains largely unchanged.
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Cost concerns will temper more radical proposals to mitigate the effects of the next container shipping shock, but there is a sense that things will be different as demand becomes more volatile and pricing power shifts further away from shippers to carriers.
After scrambling for vessel space and paying record spot rates in the second quarter, retailers and other importers are being warned by carriers and forwarders to expect even higher rates and tighter space constraints in the third quarter.
Trailers are just as important to over-the-road trucking as containers are to intermodal rail, and just as scarce.
The economic indicators for Europe show a region in expansion mode as vaccines are rolled out and businesses reopened, driving up demand for containerized imports.
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