The revision follows a similar move by Gemini Cooperation partner Maersk as frontloading on the trans-Pacific and Asia–Europe trades fills ships and drives up rates.
The president announced the about-face in a post on his social media platform, saying the US would instead be reimbursed for providing naval security in the region via trade deals with Gulf states.
The strong second-quarter performance is a clear indication of the financial rewards carriers are reaping from frontloading on the two main trades out of Asia.
