Red Sea route currently too risky: shipping lines take evasive action
Red Sea route currently too risky: shipping lines take evasive action

20 December 2023 – Following attacks in the Red Sea, shipping lines have already reacted and are avoiding the Suez Canal. US destroyer already successfully deployed, more warships on the way. Mexico in the fast lane: economy booming. Majority do not believe in recession: 2024 will be a good year!

Red Sea route currently too risky: shipping lines take evasive action!

Shipping lines react: Merchant ships avoid Red Sea and Suez Canal

Following attacks in the Red Sea, shipping lines have already reacted and are avoiding the Suez Canal. They are taking the longer route around the Cape of Good Hope. Ships in the region have been diverted and some cargoes are under force majeure.

USA forms alliance for safe sea routes

The US Department of Defence has responded: Operation Prosperity Garden is to guarantee security in the Red Sea with international support. A US destroyer has already fended off a drone attack.

No second Ever Given disaster

Despite the detours: No supply chain crisis like Ever Given 2021 expected. Shipping traffic in the Suez Canal continues, shipping companies activate replacement ships. Don’t panic: The situation is under control! But be careful: Don’t be fooled by misleading rumours and messages.

Mexico in the fast lane: economy booming

Mexico’s economy is soaring

Mexico is showing how it’s done: gross domestic product rose by 1.1 per cent in the third quarter compared to the previous quarter. The reasons? Record high domestic demand and a whopping 4.3 per cent increase in investment.

Strong consumption and low unemployment

The forthcoming 20 per cent increase in the minimum wage will further boost consumption. Added to this is a record-low unemployment rate of just 2.7 per cent.

Mexican equities on the upswing

As demand in the USA remains strong, Mexican equities could continue to rise. Mexico is still on course for success.

Fund managers: 2024 will be a good year

Majority do not believe in recession

Fund managers are confident about 2024, despite concerns about economic growth. The majority do not believe in a global economic recession.

Interest rates down, equities up

Almost 90 per cent expect central bank interest rates to fall and 60 per cent anticipate lower bond yields. They are therefore now focussing on riskier portfolios – a turnaround after the defensive year 2022.

Cash down, focus on equities and bonds

Less cash, more focus on equities and bonds – this could explain the recent top performance of equities and bonds. However, the focus is now back on balance, which could slow down the boom.

Latest news

Receive all the latest news once a week

Receive all the latest news once a week

Make it easy for yourself: we will remind you once a week about the latest news.

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!