From Breakingviews: The stock rallies of Maersk and Hapag-Lloyd seem to reflect hopes for a lasting boost to freight rates after militant attacks shut the Suez Canal. But Yawen Chen says hopes for a lasting boost may disappoint https://reut.rs/3H6B6tp
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The red seat crisis has St up Shipping Company investors Denmark’s mask for example has seen his market capitalization jumped by $8 billion since mid December when he first paused going through the Swiss Canal after militant attacks that’s because the extra time and riskiness of the new journey through Africa have
Caused Freight rates to S Asia to Europe prices for example have nearly doubled to more than $4,000 per 40 foot equivalent unit fredal data showed this week yet there re to think they may pick Sooner Chinese factories are walking around the clock before the Lunar New Year holiday in February keeping ships
Busier than usual they’re few signs of Port congestion and Global demand is weakening there’s likely to be a concered international effort to reopen the canal and companies will still have to Grapple with potential overc capacity the percentage of total Idol fleets average around 4% last year according to
Alpha liner data and a record number of vessels coming online in 2024 could add some 12% to Total shipping capacity the resty crisis may only delay shiers pain
