Ignore Houthi nothingburger

Tuesday 30 January 2024

Goldman with the note.

Sea freight costs have risen sharply due to Red Sea shipping disruptions, with shipping costs from Asia to Europe rising by 350% and by 100% from Asia to the US.

Some commentators and investors worry that these cost increases could meaningfully raise global goods inflation, especially since inflation pressures from post-pandemic supply disruptions remain relatively fresh on their minds.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.