Although we saw a slowdown in shipping activity during the initial stages of COVID, things have improved rapidly over the past few months. Pent-up demand for consumer goods in particular is being realized and supporting a rebound in activity, particularly across the core shipping assets we monitor. This is reflected in the above charts, which show port calls by regions. On a global basis, port calls are still well above 2019 and 2020 levels. Looking at the U.S. and Europe, while port calls have come down from their highs this year, they are still above 2020 levels and have begun increasing again