The latest initiative is being called an "addendum" to an emissions reduction agreement the Southern California ports and regulators inked late last year.
The carrier's CEO expects solid demand out of Asia to continue through much of the year, putting a floor under rates while congestion at key ports and geopolitical disruption absorb excess capacity.
The increasing restrictions are preventing some carriers from maximizing their stowage but haven’t yet deteriorated to the disruption-creating levels seen three years ago.
