While Ukraine endures military assaults by Russian forces, analysts are warning that the world’s wheat supply could be severely threatened. WSJ’s Shelby Holliday explains. Photo: Valentyn Ogirenko/Reutersfeasting on insatiable demand
for their services, the party must end sooner or later. The Russia-Ukraine war is putting pressure on the shipping lines with delivery disruptions and rerouting of cargo. But the big story remains the normalization of U.S. demand as stimulus fades and the waning Omicron wave pushes global consumption back toward services, which appears to already be weighing on some shipping rates.
And if the war grinds on and starts hurting growth globally, rates may start trending downward much faster. Shipping shares like Cosco Shipping, A.P. Moeller-Maersk , Evergreen Marine and Hapag-Lloyd AG could face increasing headwinds by late 2022 or early 2023.
Airbus is still doing business in Russia, which is unfair competition to Boeing. The US government and the EU should sanction Airbus.