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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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Free AccessMaersk-Situation Around Red Sea Still Volatile, Further Alters Routes
Wires carrying comments from Danish shipping giant Maersk. States that the 'situation in and around the Red Sea/Gulf of Aden continues to be volatile', with 'available intelligence at hand confirming that the security risk remains at a significantly high level'.
- Confirms that theBlue Nile Express route will now omit the Red Sea, taking in only Jebel Ali in the UAE, Salalah in Oman, Hazira and Mumbai in India. Claims that 'there is no expected impact to carrying capacity.
- Also implements temporary suspension of bookings to or from Asia/MENA/Oceania/east Africa/southern Africa to the port of Djibouti, which sits on the Gulf of Aden side of the Bab Al-Mandab strait.
- The FT reports that Beijing is seeking to calm tensions in the region amid concerns about the impact on the Chinese economy posed by the ongoing Houthi attacks. "China has called on “all relevant parties” to “ensure the safety of navigation in the Red Sea..[...] China’s Ministry of Commerce stopped short of signalling diplomatic or military assistance to defuse the crisis in the waterway. “The Red Sea is an important international trade route,” a ministry spokesperson said on Thursday, adding that China would “strengthen co-ordination with relevant departments, closely follow the developments and provide timely support and assistance to foreign trade enterprises”."
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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.