Rates Flatline as Red Sea Starts Reopening

NYFI held flat for a fourth straight week, and the June CTS data explains why the Transpacific demand story isn't what the headlines suggest.

In this episode, Lars Jensen and Caroline Weaver cover:

• Why NYFI and SCFI track different things by design (SCFI is a forward-looking quote, NYFI reflects cargo already loaded), and how to spot a phantom GRI before you pay for one
• June CTS data showing Transpacific demand and capacity both flat year over year, while Asia-Europe, Asia-South America, and Asia-Africa post double-digit growth
• Red Sea normalization signals: OOCL's new Bab el-Mandeb service and Maersk/Hapag-Lloyd shifting the AE15 and AE19 Gemini services back to Suez
• Panama Canal draft cuts ahead of El Niño, plus low water on the Rhine and Amazon squeezing inland moves

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