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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
FREIGHT
Half of the container ships which regularly transit the Red Sea and Suez Canal are avoiding the area because of the risk of attack, according to Bloomberg.
- According to Flexport data, 299 vessels have changed course or intend to. This is double the number from the previous week. This will add around 25% to the journey time between Asia and Europe.
- According to Clarksons Research data, arrivals into the Gulf of Aden fell 40% between Dec. 22-26 compared with the average for H1 Dec. Container freight arrivals are down 87% while gas tankers are down 30%.
- Suez Transits are down 45% from Dec. 22-26 for vessels heading South, compared to H1 Dec.
- However, 15 container vessels, 10 of them operated by Maersk, have maintained course or abandoned diversion plans from the Red Sea.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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