Filter by Categories
Watch Series
The Great Game
Daily Post
Steno Signals
Free sample
Emerging Markets
Video

Something for your Espresso: Whispers of a strong job market report

The market seems to be chasing the narrative of higher rates for now and the whisper clearly leans in the direction of a stronger job report. Meanwhile, freight rates continue up.
2024-01-05

Morning from Europe!

The situation remains vulnerable in the Red Sea and our contacts within the Shipping industry report of continued upside pressures on freight rates and additional costs such as a war premium, insurance, legal and extra crew.

Freight rates on 40ft containers are up >100% from Shanghai to Europe, while price pressures elsewhere in dry bulk, LNG shipping and other sub-areas seem to be more contained for now.

We released our Suez Watch with data on ship re-routing and price pressures here.

Chart 1: Material price increases on certain shipments on certain routes


The market seems to be chasing the narrative of higher rates for now and the whisper clearly leans in the direction of a stronger job report. Meanwhile, freight rates continue up.

To read the full article, sign up for a 14-day FREE trial of the Premium plan.

0 Comments