Supply Chain Secrets

Hormuz Holds, El Niño Looms: Stacking the Risks for 2027

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0:00 | 24:13

Transpacific rates are grinding higher into peak season while the Hormuz crisis shows no sign of resolution, and a new weather risk is quietly building for the Panama Canal.

In this episode, Lars Jensen and guest host Don Davis cover:

  • NYFI spot rate momentum on Asia-US West Coast and Asia-Europe, and what futures rates suggest for the next two months
  • Iran's tightening grip on Strait of Hormuz traffic, including vessel seizures and a potential threat to subsea data cables
  • CMA CGM and Hapag-Lloyd suspending Cuba bookings following new US sanctions
  • A NOAA upgrade placing a 67% probability on a strong or very strong El Niño, and what that means for Panama Canal capacity heading into 2027
  • Q1 2026 carrier results: Maersk gained market share; Hapag-Lloyd volume declined year-on-year