From Morningstar:

Shipping companies are diverting around Africa due to attacks in the Red Sea, costing time and money. Despite this, shipping giants are thriving on the stock market, with Danish Maersk gaining over 15% in the first week of trading. Michael Field explains that the disruptions have led to surges in freight rates of up to 50%. Investors now believe that these disruptions may last for months. Field suggests that Maersk, despite the recent rally, is still undervalued due to its healthy balance sheet and low costs in the industry.



Read more: Why The Red Sea Attacks Are Boosting Shipping…