Rates are dropping, pirates are reappearing, and demand is diverging across the globe. In this episode, Lars Jensen and Caroline Weaver unpack what last week’s NYSHEX London event revealed about market volatility — and why the container industry’s “old normal” isn’t coming back.

They cover:

• Sir Richard Dearlove’s surprising optimism on the Red Sea crisis
• Why NYFI data shows loaded spot rates collapsing again
• The widening gap between 20’ and 40’ rates
• What’s behind North America’s lagging demand
• And yes — the return of Somali piracy.

Because in container shipping, stability isn’t the new normal — adaptability is.