HLAGF - Will the shipping disruptions in the Red Sea be inflationary?
2024-02-15 06:37:24 ET
Worldwide shipping is undergoing some profound changes in the wake of continuous attacks by Yemen's Houthi rebels in the Red Sea. A.P. Moeller-Maersk ( OTCPK:AMKBY ), one of the biggest players in the industry, just warned customers of a deteriorating situation in the vital waterway responsible for a sixth of world trade. While Maersk had already stopped sending ships through the Suez Canal in early January , the latest announcement shows growing uncertainty across the region and poses fresh questions for the global supply chain....
Will the shipping disruptions in the Red Sea be inflationary?