Supply Chain & Regional Influence - Asia's role in the global supply chain enables it to influence the transition, setting it apart from other regions [1] - Asia is shaping innovation, labor practices, and long-term resilience within the sustainable business landscape [1]

Investment Rating - The report does not explicitly provide an investment rating for the industry. Core Insights - Direct shipments to the US have shown signs of recovery, with a 11.4% year-over-year increase in containership departures for the 15 days ending June 19th, indicating a potential trough in trade between the US and China [1][11] - The overall cargo throughput data has been mixed, with a contraction of -2.1% year-over-year in the week ending June 15th, contrasting with a reported 13.0% year-over-year expansion in another dataset for the week of June 7th-13th [1][4][8] - The report suggests that while there are signs of recovery in direct exports to the US, uncertainties remain due to tariff impacts and the reorganization of global supply chains [1] Summary by Sections Direct Shipments to the US - Containership departures to the US increased by 11.4% year-over-year in mid-June, suggesting a recovery from previous lows [1][11] - Bills for US seaborne imports from China contracted by -19.2% year-over-year in the week ending June 13th, an improvement from -35.3% the previous week [1][7] Cargo Throughput Data - Mixed signals in cargo throughput data, with a -2.1% year-over-year contraction reported for the week ending June 15th, compared to a +0.8% year-over-year increase the previous week [1][4] - PortWatch/IMF reported a 13.0% year-over-year expansion in container export volume for the week of June 7th-13th, indicating volatility in the data [1][8] Transshipment Trends - Transshipment via ASEAN is experiencing a temporary retreat, while direct exports to the US are picking up [1] - Containership arrivals at ASEAN ports showed a marginal moderation, with a 9.5% year-over-year increase in the week ending June 18th, down from 12.2% the previous week [1][10]