The Strait of Hormuz has been closed for two months, yet TransPacific and Asia-Europe freight rates are barely moving compared to the disruptions of 2024-2025. This week, Lars and Caroline put the Hormuz crisis in proper context and cover the other headlines reshaping ocean freight.

In this episode, Lars Jensen and Caroline Weaver cover:

• Why Pacific and Asia-Europe spot rates are rising on seasonality, not the Hormuz crisis, and what the futures market is signaling for peak season
• Live updates from the Strait of Hormuz: vessel escorts, Iranian attacks, and why seafarers face higher risk inside a military convoy than outside one
• How Khor Fakkan scaled from 100 to 6,000 trucks per day to route cargo around a closed strait
• China's new blocking statutes, the EU analog that already exists, and why compliance is now a lose-lose for many companies
• The MEPC decision expanding ECA coverage to the Northeast Atlantic and the net zero framework clinging to life support ahead of November