## Company Profile HUGE POWER INTERNATIONAL LOGISTICS (Lahore, Pakistan) — appears to be a small-to-mid sized freight forwarder and logistics agent serving exporters and importers from Pakistan. Services listed on the company website and contact page indicate standard forwarding offerings (sea/air freight, customs clearance, documentation, inland transport/door delivery and warehousing). No public financials found; likely focused on textile and general cargo shippers in Punjab/Lahore region and acting as an operational partner for Pakistan export houses and manufacturers. ## Pain Points 1) Delivery reliability & demurrage exposure: KICT/Karachi and episodic Port Qasim congestion (Feb–Apr 2026) plus reroutes caused by the 2026 Hormuz crisis are creating schedule unreliability and long dwell times — exporters risk missing delivery windows and being charged large demurrage/detention fees. 2) Equipment & route fragility: localized shortages of 40’ HC and reefers and carrier re‑deployments away from Gulf corridors are making it harder to secure the right equipment and sailings for Middle East/intra‑Asia shipments, forcing suboptimal routings or premium costs. 3) Margin squeeze & competitiveness when shifting to garments: with yarn/fabric volumes weakening and energy/finance costs high, exporters shifting into higher‑value garments need guaranteed end‑to‑end delivery and buyer access to capture value; without a trusted channel for international fulfillment they risk losing orders to better‑served competitors in Bangladesh/India. ## Intel Summary === MULTI-DIMENSION RESEARCH === === 1. [COMMODITY TRENDS] Pakistan textile & apparel exports 2026; cotton & yarn prices; impact on garments === **Export performance & demand signals (latest data)** - Pakistan’s textile and apparel exports in Jul–Dec FY2025‑26 were about **US$9.2 billion**, up just **0.9% YoY** (US$9.1 billion a year earlier), indicating **very weak volume and/or price growth**. December 2025 exports fell **8.6% YoY** and **5.1% MoM**, showing soft order inflows entering 2026. ([ecotextile.com](https://www.ecotextile.com/2026011961355/radar/pakistan-textiles-exports-edge-higher-but-momentum-weakens/?utm_source=openai)) - Over the first 5 months of FY2025‑26 (Jul–Nov 2025), textile exports reached **US$7.84 billion**, up **2.8% YoY**, and accounted for roughly **61%** of Pakistan’s total exports. However, November 2025 alone saw a **2.7% YoY** and **11.7% MoM** decline, confirming loss of momentum heading into 2026. ([brecorder.com](https://www.brecorder.com/news/amp/40398258?utm_source=openai)) - Earlier in the FY, July–August 2025 textile and apparel exports were **US$3.21 billion**, up **10% YoY** and making up about **63%** of national exports, but this stronger period has clearly cooled by late 2025 / early 2026. ([profit.pakistantoday.com.pk](https://profit.pakistantoday.com.pk/2025/09/14/textile-exports-hit-usd3-21bn-in-jul-aug-fy26-drive-63-of-pakistans-shipments-despite-august-slump/?utm_source=openai)) **Product‑mix trends (yarn, fabric, garments, home textiles)** - In Jul–Dec FY2025‑26: - **Cotton cloth exports**: down **14.3% in value** YoY - **Cotton yarn exports**: down **3.2%** - **Towels**: down **3.2%** - **Synthetic textiles**: down **4.7%** → This indicates **pressure on intermediate products** (yarn, grey cloth, some home textiles) while more value‑added lines hold relatively better. ([ecotextile.com](https://www.ecotextile.com/2026011961355/radar/pakistan-textiles-exports-edge-higher-but-momentum-weakens/?utm_source=openai)) - Broader FY2026 view: July–January FY2025‑26 data show **cotton cloth exports at US$992 million (-12.2% YoY)** and **cotton yarn at US$427 million (-0.8% YoY)**; the sector remains the “export backbone” but with slower growth as value shifts further into garments and made‑ups. ([pediastan.com](https://www.pediastan.com/articles/pakistans-textile-exports/?utm_source=openai)) - By contrast, Pakistan equity and strategy reports for 2026 highlight **positive growth in made‑up textiles and garments**, with **ready‑made garments roughly +5% YoY**, and raw cotton export values rebounding sharply (partly base‑effect and price driven). ([hmfs.com.pk](https://hmfs.com.pk/uploads/files/HMFS_Strategy_Report_2026.pdf?utm_source=openai)) **Cotton balance sheet & mill consumption** - USDA’s April 2026 “Cotton and Wool Outlook” plus its Pakistan “Cotton and Products Annual” (March 2026) show: - Pakistan cotton production **~1.16 million metric tons in 2025/26**, with harvested area near **2.0 million ha**. ([ers.usda.gov](https://www.ers.usda.gov/publications/pub-details?pubid=114047&utm_source=openai)) - Imports remain structurally heavy: about **1.1–1.2 million MT** in 2025/26, keeping total supply near **2.75 million MT**. ([apps.fas.usda.gov](https://apps.fas.usda.gov/newgainapi/api/Report/DownloadReportByFileName?fileName=Cotton+and+Products+Annual_Islamabad_Pakistan_PK2026-0002.pdf&utm_source=openai)) - **Domestic cotton use is projected to decline** to about **10.2 million 480‑lb bales (≈2.2 million MT) in 2026/27**, reflecting high energy costs, tighter credit, and partial de‑leveraging in spinning. ([apps.fas.usda.gov](https://apps.fas.usda.gov/newgainapi/api/Report/DownloadReportByFileName?fileName=Cotton+and+Products+Annual_Islamabad_Pakistan_PK2026-0002.pdf&utm_source=openai)) **Cotton & yarn price environment (2026)** - Internationally, USDA’s April 2026 outlook and ICAC‑linked commentary indicate **world cotton prices in 2025/26 slightly below the 2021–22 peaks**, with nearby futures generally in the **mid‑70s to low‑80s US¢/lb** range and modest softening expected into 2026 unless weather or geopolitics shock supply. ([ers.usda.gov](https://www.ers.usda.gov/publications/pub-details?pubid=114047&utm_source=openai)) - Pakistan‑specific fiber/yarn price reports (EmergingTextiles, Apr 22, 2026) note: - **Cotton yarn prices softened over the last four weeks but show early signs of stabilizing**, as mills cautiously rebuild positions. - Downward price adjustment has been more pronounced in **carded and combed 20s–30s Ne counts**, where exporters were most exposed to earlier over‑buying of expensive cotton. ([emergingtextiles.com](https://www.emergingtextiles.com/fiber-market-prices/pakistan-fiber-yarn-price-reports/?utm_source=openai)) - A January 2026 yarn‑trade analysis reports that **cotton yarn exports to China reached about US$451 million in calendar 2025**, with a “baseline” of **US$35–40 million per month** and warns that **electricity cross‑subsidies and high gas tariffs are eroding price competitiveness vs. Vietnam**. ([cropgpt.ai](https://cropgpt.ai/pakistan-cotton-yarn-export-performance-and-structural-cost-pressures?utm_source=openai)) **Impact on garment shipments / order patterns** - Pakistan’s economic/strategy reports for 2026 highlight: - **Garment exports (knit & woven)** growing in low‑single‑digits (around **+5% YoY**) versus contraction in lower‑value yarn and fabric, indicating **ongoing shift to value‑added apparel**. ([brecorder.com](https://www.brecorder.com/news/amp/40398258?utm_source=openai)) - Export demand is **tilting toward the US and EU for apparel**, while **Bangladesh continues to import Pakistani yarn and fabrics**, but with concentration risk and price sensitivity. ([brecorder.com](https://www.brecorder.com/news/amp/40398258?utm_source=openai)) - However, **unit prices and volumes for several core apparel HS lines to the US dipped in late 2025**—e.g., US imports from Pakistan in HS 6203.22 (men’s/boys’ cotton ensembles, woven) were down **22.5%**, HS 6109.90.90 (other T‑shirts) **‑13.6%**, and HS 6307.10.20 (wash cloths) **‑12%** over the 5‑month period—signaling **pressure on US-bound garment shipments in Q4 2025 / Q1 2026.** ([brecorder.com](https://www.brecorder.com/news/amp/40398258?utm_source=openai)) - Sector commentary (Pakistan Today, December 2025) flags **“cautious” outlook for 2026**: - Energy pricing uncertainty, financing constraints, and global retail destocking are expected to **cap growth in new garment orders**. - Exporters are urged to diversify beyond traditional bed linen and towel lines, where Pakistan has high concentration. ([profit.pakistantoday.com.pk](https://profit.pakistantoday.com.pk/2025/12/30/textile-exports-rise-16-to-17-85-billion-in-11-months-of-2025-outlook-for-2026-turns-cautious/?utm_source=openai)) **Implications for 2026: cotton & yarn vs. garments** - **Cotton & yarn**: - Prices are slightly softer in early 2026, supporting competitiveness, but **margin relief is offset by high domestic energy and financing costs**, limiting aggressive discounting. ([cropgpt.ai](https://cropgpt.ai/pakistan-cotton-yarn-export-performance-and-structural-cost-pressures?utm_source=openai)) - Export volumes for cotton yarn and cloth are **flat to declining** vs. FY2025, with a risk that sustained under‑utilization in spinning leads to further consolidation. ([ecotextile.com](https://www.ecotextile.com/2026011961355/radar/pakistan-textiles-exports-edge-higher-but-momentum-weakens/?utm_source=openai)) - **Garments & made‑ups**: - Still **positive but slowing growth**, with **single‑digit export gains** anticipated for 2026, contingent on recovery in Western retail and no major escalation of trade or shipping disruptions. ([brecorder.com](https://www.brecorder.com/news/amp/40398258?utm_source=openai)) - Any **upside** would likely come from: i) faster shift from yarn/fabric exports into finished garments, ii) utilization of GSP or regional agreements, and iii) ability to secure raw cotton at competitive landed prices amid global volatility. ([cotton.org](https://www.cotton.org/econ/reports/annual-outlook.cfm?utm_source=openai)) **Section 1 sources:** ([profit.pakistantoday.com.pk](https://profit.pakistantoday.com.pk/2025/12/30/textile-exports-rise-16-to-17-85-billion-in-11-months-of-2025-outlook-for-2026-turns-cautious/?utm_source=openai)) === 2. [MARKET EVENTS] Karachi Port / Bin Qasim congestion 2026; shipping disruptions, blank sailings, route changes === **Operational congestion at Karachi Port (KPT)** - On **4 February 2026**, Pakistan Customs issued a formal warning to **Karachi International Container Terminal (KICT)**, citing a **“severe operational crisis”** at Karachi Port: - Breakdown in terminal systems and yard management led to **massive delays in cargo clearance**. - Importers faced **“massive demurrage and detention charges”** due to extended dwell times. - The report notes that **exporters’ containers were also stuck**, increasing risk of **missed shipment windows** for outbound cargo. ([customnews.pk](https://customnews.pk/2026/02/04/karachi-port-faces-severe-operational-crisis-customs-issues-warning-to-terminal-operator/?utm_source=openai)) - Pakistani authorities have placed port congestion under a **Prime Minister–level task force**, highlighting the political sensitivity and economic impact of these delays on trade, including textiles. ([customnews.pk](https://customnews.pk/2026/02/04/karachi-port-faces-severe-operational-crisis-customs-issues-warning-to-terminal-operator/?utm_source=openai)) **Port Qasim (Bin Qasim) congestion status** - Live congestion analytics for **Port Qasim** in early April 2026 point to: - **Vessel bunching and yard capacity constraints**, with higher‑than‑normal waiting times during **05–11 April 2026**. - Causes include **labor constraints and weather‑related slowdowns**, on top of elevated regional volatility affecting schedule reliability. ([portcast.io](https://www.portcast.io/port-congestion/port-qasim?utm_source=openai)) - Regional commentary from Pakistan’s trade press and shipping analytics suggests that while **Port Qasim is used to de‑bottleneck Karachi**, episodic congestion still occurs, especially when carriers reshuffle rotations in response to Gulf/Red Sea risks (see below). ([portcast.io](https://www.portcast.io/port-congestion/port-qasim?utm_source=openai)) **Middle East conflict & Hormuz‑related disruptions (2026)** - Since **28 February 2026**, the **Strait of Hormuz crisis**—linked to the 2026 Iran war—has heavily constrained maritime traffic through this chokepoint: - Major container lines (Maersk, CMA CGM, Hapag‑Lloyd, others) **suspended transits through Hormuz and connected routes (including parts of the Gulf and Red Sea)**, forcing re‑routings, longer voyages, and additional calls/omissions. ([en.wikipedia.org](https://en.wikipedia.org/wiki/2026_Strait_of_Hormuz_crisis?utm_source=openai)) - Although much of Pakistan’s Asia–Europe textile cargo traditionally uses **Red Sea/Suez and Gulf transshipment hubs (Jebel Ali, Salalah, etc.)**, the crisis has introduced **heightened schedule unreliability, blank sailings, and ad‑hoc port omissions** across the wider region. ([en.wikipedia.org](https://en.wikipedia.org/wiki/2026_Strait_of_Hormuz_crisis?utm_source=openai)) - Pakistan’s own exposure: - Pakistan launched **Operation Muhafiz‑ul‑Bahr** in March 2026 to **escort tankers and critical cargo through affected waters**, underlining the perceived risk of broader supply‑chain disruption to its economy. ([en.wikipedia.org](https://en.wikipedia.org/wiki/Pakistan_in_the_2026_Iran_war?utm_source=openai)) - Reports of at least one **Pakistan‑bound container ship (SELEN) carrying food from Jebel Ali to Karachi being turned back by Iran at Hormuz on 23 March 2026** indicate that **containerized trade, not just oil, is affected**, with knock‑on effects to Karachi berthing plans and feeder schedules. **Blank sailings & route changes affecting export schedules** - While there is limited Pakistan‑specific quantitative data on blank sailings, global ocean freight outlooks for 2026 (S&P Global, Feb 2026) highlight: - Continued **blank sailings as a “primary capacity management tool”** for mainline carriers on **Asia–Europe and Transpacific routes** in 2026, used to stabilize rates amid demand uncertainty and geopolitical disruptions. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) - Disruptions in **Red Sea and Gulf routes** resulting in **rerouting via the Cape of Good Hope**, adding **10‑15 days** transit time and pushing carriers to **re‑cut rotations and drop some secondary ports**—risk factors for Pakistan’s exporters connecting via hub ports. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) - Pakistan has tried to leverage the disruption by **offering additional terminal slots and transshipment services** at Karachi, Port Qasim and Gwadar to ships delayed in Gulf waters, but this strategy also **intensifies traffic peaks**, contributing to congestion risk if not matched with yard and customs capacity. ([reddit.com](https://www.reddit.com/r/pakistan/comments/1rmjg7a/pakistan_offers_port_terminal_slots_to_ships/?utm_source=openai)) **Exporter‑level impact (anecdotal but recent)** - A recent case (April 2026) on a Pakistan forum reports **cargo stuck at Karachi Port for 4–5 months due to customs clearance problems**, underscoring how bureaucratic delays, combined with higher congestion, are **translating into extreme lead‑time uncertainty** for some shippers. ([reddit.com](https://www.reddit.com/r/pakistan/comments/1sqj10h/cargo_stuck_at_the_port/?utm_source=openai)) **Implications for textile & apparel exporters in 2026** - For **textile and apparel exporters**, these market events imply: - **Higher risk of missing delivery windows** for time‑sensitive fashion orders, especially those routed via Gulf transshipment hubs. - **Greater variability in sailing schedules**—more last‑minute port omissions/blank sailings, particularly on Asia–Europe loops—requiring **wider shipment lead‑time buffers**. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) - Potential **short‑term shift of some volumes from Karachi to Port Qasim** (or vice‑versa) depending on where congestion is worst, but both ports are under strain from regional disruptions and increased security‑driven naval presence. ([portcast.io](https://www.portcast.io/port-congestion/port-qasim?utm_source=openai)) **Section 2 sources:** ([portcast.io](https://www.portcast.io/port-congestion/port-qasim?utm_source=openai)) === 3. [PROBLEM FRAMING] Container shortages, demurrage/detention in Pakistan 2026; freight‑rate volatility on Pakistan–EU/US/Middle East lanes === **Container availability & equipment imbalance (2026)** - There is **no evidence of a systemic global box shortage like 2020–21**, but 2026 reports highlight **“micro‑shortages” of certain equipment types and imbalances**: - Carriers are **repositioning containers away from high‑risk Gulf and Red Sea corridors** and toward alternative routes, creating **localized scarcity of 40’ HC and reefers** in some South Asian export hubs, including Pakistan, following the Hormuz and Red Sea disruptions. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) - Pakistan’s exporters have reported, via trade associations and local press, **periodic difficulty securing boxes on desired sailings**, especially for **Middle East and intra‑Asia feeders** that rely on Gulf hub connectivity; this often coincides with **waves of blank sailings and port omissions**. (Inference from 2026 ocean‑freight outlooks and regional disruption coverage.) ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) **Demurrage and detention (D&D) pressures** - The **KICT operational crisis at Karachi Port (Feb 2026)** has directly worsened D&D exposure: - Customs’ official communication notes that system failures and congestion at KICT are causing **“massive demurrage and detention charges from shipping lines and terminals”** for importers; exporters with containers stuck in stacks also face knock‑on penalties when free‑time expires. ([customnews.pk](https://customnews.pk/2026/02/04/karachi-port-faces-severe-operational-crisis-customs-issues-warning-to-terminal-operator/?utm_source=openai)) - With customs clearance delays sometimes stretching to **multiple months** in problematic cases, shippers risk **D&D charges well above cargo value** on low‑value goods if issues aren’t resolved quickly. This is reflected in April 2026 user reports of **4–5‑month port dwell times** at Karachi. ([reddit.com](https://www.reddit.com/r/pakistan/comments/1sqj10h/cargo_stuck_at_the_port/?utm_source=openai)) - Pakistan has **not yet implemented EU‑style regulation capping D&D**; charges remain largely **contractual between carriers/terminals and shippers**, giving limited regulatory recourse when delays are due to terminal or customs inefficiency. **Freight‑rate volatility – structural context for 2026** - S&P Global’s 2026 container freight outlook describes a **“softer but highly volatile” rate environment**: - Base‑case forecasts expect **average global spot rates to be below 2021–22 highs but still above pre‑COVID levels**, with volatility driven by **geopolitics (Red Sea, Hormuz), carrier consolidation, and capacity injections from newbuilds**. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) - For Pakistan‑relevant corridors, the drivers are: 1. **Asia–Europe (Pakistan–EU)** - Rerouting around the **Cape of Good Hope** due to Red Sea/Hormuz insecurity has at times **increased voyage distances by 25–30%** and transit times by **10–15 days**, supporting **short‑term rate spikes** on Asia–Europe lanes. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) - Carriers are using **blank sailings and slow‑steaming** to manage capacity and bunker costs, translating into **rate whiplash**: surcharges and peak season charges added and removed within weeks. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) 2. **Pakistan–US (via transshipment in Gulf / South Asia hubs)** - US‑bound cargo from Pakistan competes for slots with higher‑yield cargo from East Asia; when carriers trim sailings because of global demand weakness or conflict‑related detours, Pakistan often **sees disproportionate cutbacks in direct/fast services**, forcing exporters onto **slower, multi‑transshipment routings** with varying rate premiums or discounts depending on season. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) 3. **Pakistan–Middle East / Gulf** - Normally one of Pakistan’s **shortest and cheapest lanes**, but **Hormuz blockade and regional conflict in 2026** have: - Triggered **risk premiums and insurance surcharges** on sailings into certain Gulf ports. - Caused at least one documented case of a **Pakistan‑bound container ship turned back at Hormuz**, highlighting the **operational risk of outright route denial**. ([en.wikipedia.org](https://en.wikipedia.org/wiki/2026_Strait_of_Hormuz_crisis?utm_source=openai)) - Pakistan’s efforts to offer **terminal slots and transshipment capacity** to ships delayed in Gulf waters could stabilize some inbound volumes but also **import congestion risk and schedule bunching**. ([reddit.com](https://www.reddit.com/r/pakistan/comments/1rmjg7a/pakistan_offers_port_terminal_slots_to_ships/?utm_source=openai)) **Qualitative freight‑rate picture (directional, not exact spot quotes)** - Relative to early 2025, **early‑2026 spot rates on Pakistan–EU and Pakistan–US lanes are generally lower**, but: - They exhibit **higher week‑to‑week variability**, with swings triggered by each new **geopolitical flare‑up, carrier blank‑sailing program, or port disruption**. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) - For Middle East lanes, **risk and war surcharges plus potential diversion costs** have, at times, **raised effective freight cost per FEU above typical Pakistan–North Europe rates on a per‑km basis**, an inversion compared with historical norms. (Inference from regional risk and route‑length changes.) ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) **How these logistics problems frame 2026 export risk for Pakistan textiles** - **Lead‑time reliability risk**: - Congestion at Karachi/KICT and episodic pressure at Port Qasim combine with **blank sailings and longer global routes** to undermine **OTIF performance** for textile and apparel shippers, especially those shipping fashion‑sensitive garments to EU/US. ([portcast.io](https://www.portcast.io/port-congestion/port-qasim?utm_source=openai)) - **Cost‑to‑serve escalation**: - While headline freight rates may be moderating vs. 2021–22, **all‑in logistics cost** (freight + D&D + insurance + buffer inventory) for Pakistan’s exporters can **remain elevated or even rise** due to: - High and unpredictable **D&D at Karachi**. ([customnews.pk](https://customnews.pk/2026/02/04/karachi-port-faces-severe-operational-crisis-customs-issues-warning-to-terminal-operator/?utm_source=openai)) - Additional **war/risk surcharges** and **longer transit times** on EU/US and Gulf routes. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) - **Competitiveness vs. rivals (Bangladesh, Vietnam, India)**: - Bangladesh and India also face Red Sea/Gulf disruptions but may benefit from **better port productivity and more frequent mainline calls**, giving them relatively **tighter schedule control and lower incidental charges**. - For Pakistan, where **energy and finance costs are already squeezing margins**, logistics‑related volatility can **erase the price advantage from softer cotton/yarn prices**, narrowing room to discount garments in 2026. ([cropgpt.ai](https://cropgpt.ai/pakistan-cotton-yarn-export-performance-and-structural-cost-pressures?utm_source=openai)) **Section 3 sources:** ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai))