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Macro Nugget: Freight rates continuing their increase!

There is nothing stopping freight rates at the moment, it seems!
2024-06-07
<a href="https://stenoresearch.com/author/ulriksimmelholt/" target="_self">Ulrik Simmelholt</a>

Ulrik Simmelholt

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It’s one way traffic in freight rates at the moment with prices now surpasing the January high. With no peace deal between Hamas and Israel, strong shipping volumes and seasonality in European and American imports from China rates look to increase even more from here on out. Watch out for spillovers into goods inflation!

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