A further extension of sanctions against the Iranian government by the administration of President Donald Trump has followed a series of attacks on shipping around the Straits of Hormuz. While much of the focus has been on oil shipping, a 24.9% surge in container shipping rates to the region from China indicate container shipping may be at risk too. Exports of containerized freight by sea from the U.S. to countries north of the Straits have already declined with a 46.1% year over year slump in May. The largest liners serving the route are MSC and Maersk with 64.6% of volumes in the 12 mo...