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.
Some rolling headlines (bbg) on Volvo halting production at its Belgian plant for 3 days next week due to ship re-routing - impact temporary for now. Tesla headlines earlier (Reuters) on a halt at its Berlin plant from Jan 29th to Feb 11th due to supplies shifting transport routes; "The armed conflicts in the Red Sea and the associated shifts in transport routes between Europe and Asia via the Cape of Good Hope are also having an impact on production in Gruenheide...The considerably longer transportation times are creating a gap in supply chains." (Tesla Statement).
Bloomberg analysts seem to have reversed their view on container rates (at least in short-term) on the back of US & allies beginning attacks on Houthi rebels in Yemen; "rapid escalation of tension in the Red Sea....odds may increase of the conflict expanding in scope.... [container rates] could climb further as risks to shipping companies rise and the stakes for global trade remain high...as of the morning of Jan. 5, eight of the 10 largest container liners controlling 61% of global shipping capacity were avoiding passage through the 29-kilometer wide Bab al-Mandab Strait" - location below bbg say the chokepoint has 12% of global trade go through it.
Hapag (unch) & Maersk (+0.7%) are not bid since US/UK strikes in Yemen.
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.