Inside the report:

• The Venezuela Shock: How "Operation Absolute Resolve" and the capture of        Maduro are spiking energy volatility and reshaping tanker markets.

• Ocean's Capacity Paradox: Why rates aren't crashing despite record fleet growthand the rise of "Strategic Blank Sailings."

• Air Cargo Resilience: Why the "Capacity Paradox" (Boeing/Airbus delays) is keeping yields high even as passenger travel returns.

• Tech Maturity: The shift from Generative AI to "Agentic AI"—systems that act, not just analyze.

• The Green Reality: The hard costs of the EU ETS and why the hydrogen timeline has slipped to the 2030s.