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6 Nov 2025 16:18
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      Home > News > Business

    Hopes a spike in global shipping prices won't stay around for long

    Hopes a spike in global shipping prices won't stay around for long


    Conflict in the Red Sea has caused shipping costs to jump three times higher than the rates seen at end of last year.

    But ASB Senior economist Mark Smith says the impact on inflation will depend on how long prices remain high.

    He says the prices have spiked quickly, but it's still early days.

    © 2025 Newstalk ZB, NZCity

     Other Business News
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     05 Nov: The long awaited economic recovery could be beginning - with expectation unemployment's hit its peak
     05 Nov: The Reserve Bank says the country certainly isn't out of the woods, but our banks remain well placed to weather what comes next
     05 Nov: Rising unemployment is still being felt more in certain regions, sectors, and age groups
     05 Nov: New vehicle registrations have risen for four consecutive months
     05 Nov: Dairy prices have fallen 2.4 percent at this morning's Global Dairy Trade auction
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    BUSINESS BUSINESS
    Air New Zealand's changing its pet travelling rules - restricting crate-size limits for smaller aircraft on regional routes More...


     Today's News

    		 Entertainment:
    The Prince and Princess of Wales staged a thank you party for builders and staff after moving house last week 16:07

     Entertainment:
    Eva Longoria "loves her "failures" 15:37

     International:
    Typhoon Kalmaegi leaves 114 dead and 127 missing in Philippines 15:27

     Cricket:
    Australian cricket captain Pat Cummins reckons he's on track to return for the second Ashes Test in Brisbane in four weeks' time, but has conceded playing through the rest of the five-test series unchanged could be difficult 15:27

     Entertainment:
    Harrison Ford has blasted US President Donald Trump for attacking science and supporting fossil fuels. 15:07

     Business:
    Air New Zealand's changing its pet travelling rules - restricting crate-size limits for smaller aircraft on regional routes 14:57

     Cricket:
    Go easy on the Black Caps for any fielding issues in tonight's second T20 against the West Indies in Auckland 14:47

     Entertainment:
    Richard Gere and his wife Alejandra Silva draw on Buddhism to help them find solutions to family problems. 14:37

     Politics:
    AI can help the government spend billions better. But humans have to be in charge 14:17

     Entertainment:
    Britney Spears has deleted her Instagram account 14:07

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