December 18, 2023 BY Nick Ranga

Shipping stocks rise following Red Sea attacks on merchant ships

As a result, European shipping stocks are likely to continue trading in a volatile manner due to concerns about disruptions in Red Sea routes caused by militant attacks, potentially leading to increased freight rates. The threats near Egypt's Suez Canal may impact rates as vessels opt for alternative, longer routes. Key players such as Moller-Maersk,…

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