Doesn't it seem like freight and shipping stocks just got back on their own two feet before entering their peak season? Well, just like the COVID-19 pandemic and Suez Canal blockage, they've been dealt yet another tough blow...
A Chinese port that exports 90% of the world's electronics recently shut down.
It's been a major pain in the neck for the maritime shipping world, making efforts to reopen the global economy that much harder.
The shipload impacted by Yantain's closure was larger than the Suez obstruction we experienced earlier this year. So the fallout could mean another rise in the price of goods, which have already been affected by rampant inflation. But no need to worry about that just yet because I found a few shipping stocks set to rally thanks to the delay...
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