Global container shipping markets became progressively tighter during May as a result of: continued demand growth; logistics delays at ports; the long-tail impact of the closure of the Suez Canal in March; and continued mispositioning of empty containers due to earlier trade flows. The resultant drop in schedule reliability and expectation of continued elevated demand has led the major container lines to void parts of their sailing schedule in order to reset their networks. That comes just ahead of the peak shipping season as well as the risk from storms that have already impacted shippi...