COSCO Shipping Holdings and Orient Overseas are set to follow Evergreen, Yang Ming, HMM and NYK with sharply higher earnings, after Drewry's global composite more than doubled to a $4,639 per 40ft peak in the week ended 9 July, the highest since 2024. A rush to beat the 24 July expiry of the 10% Section 122 tariff pulled peak volumes forward, while the Hormuz closure and Red Sea diversions kept capacity tight. Maersk and Hapag-Lloyd have already raised guidance.