BOAT - Red Sea Crisis Shouldn't Spur Inflation But The Spillover To Tankers Is Risky
2024-02-09 16:30:00 ET
Summary
- The Red Sea shipping crisis has dragged on for two months, and a full resumption of transits is not in sight.
- This is rattling supply chains, leading to delays and higher costs, but it won’t derail global trade and the inflationary impact of higher container rates remains limited.
- The more critical tanker markets are now involved though and this adds to risks.
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Red Sea Crisis Shouldn't Spur Inflation, But The Spillover To Tankers Is Risky