Space on vessels leaving Asia has become tight enough that forwarders are warning customers they must book at least three weeks in advance amid a rush to bring in fall and end-of-year holiday merchandise.
The end of the Indus Express service comes as Indian exports to the US East Coast in April were down 25% year over year.
Iran’s Islamic Revolutionary Guards Corps claimed responsibility for the attack on the 3,900-TEU vessel, which the ocean carrier said was “completely unjustified.”
