# Contact Us - Sherbrooke Record - Big gains on the horizon for shipping stocks in Red Sea conflict?

> Shipping equities were trading lower in early January as rumours circulated that Houthi rebels had reached an agreement with shipping companies for safe passage, which Maersk and Hapag-Lloyd denied. Analysts said Middle East conflict and Latin American drought could push shipping rates higher.

- Date: 2018-05-25 · published 2018-05-25T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/64930-contact-us-sherbrooke-record-big-gains-on-the-horizon-for-shipping-stocks-in
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Expectations of higher dry bulk and container rates raise the cost of moving grain and meal, though the story is mainly about equity moves and rumour.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- business.sherbrookerecord.com: https://business.sherbrookerecord.com/sherbrookerecord/article/marketbeat-2024-1-10-big-gains-on-the-horizon-for-shipping-stocks-in-red-sea-conflict

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.