January 5, 2026

January 5, 2026 • Vol. 27 • Issue 1 • $ 25.00 • www. joc. com
2026 Annual Review & Outlook

Looking for a pulse

Weak US freight vitals bode poorly for 2026
UNDER WATER
Ocean carriers on course for heavy losses
P 18
RISKY RESTART
Red Sea return poses Asia – Europe disruption threat
P 24
HOLDING PATTERN
Regulatory uncertainty weighs on green fuel investment
P 58
WHEELS UP
E-commerce, AI to keep air freight under pressure
P 94