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13 Jul 2024 9:51
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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.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     13 Jul: An Australian RTD brand is still selling it's products here despite it's appeal to minors
     12 Jul: The retail sector may need to hang on just a little longer
     12 Jul: Dairy farmers are relieved Synlait milk will live to see another day, after winning shareholder approval to take out a 130-million dollar loan
     12 Jul: Belief South Island dairy processor Synlait has been handed a life line, but not a life saver
     12 Jul: Reassuring investors big and small will be the goal, as Synlait works to raise capital
     12 Jul: Anxiety as Morrison-era Cashless Debit Card is flagged as possibly returning amid cost-of-living crisis
     11 Jul: Synlait's chair says today's vote to take a lifeline is a relief
     Top Stories

    RUGBY RUGBY
    Kingsland bars are fizzing ahead of the All Blacks test tonight More...


    BUSINESS BUSINESS
    An Australian RTD brand is still selling it's products here despite it's appeal to minors More...



     Today's News

    Entertainment:
    Olivia Munn and John Mulaney reportedly quietly married at the weekend 9:34

    Cycling:
    Jasper Philipsen has clinched his second stage win on cycling's Tour de France, taking stage 13 in a sprint finish 9:27

    Entertainment:
    George Clooney is the latest celebrity to fiercely urge Joe Biden to immediately quit the 2024 US presidential race 9:04

    Golf:
    Steven Alker has a one-shot lead atop the latest Champions Tour event in Ohio at seven-under overall after carding a five-under second round 8:57

    Entertainment:
    Alexandra Daddario is pregnant with her first child with husband Andrew Form 8:34

    Cricket:
    James Anderson's international cricket career has come to an end as England beat the West Indies by an innings and 114 runs in their opening test at Lord's 8:17

    Basketball:
    In the New Zealand basketball league, the Southland Sharks have beaten the Manawatu Jets 117-110 in Palmerston North 8:07

    Entertainment:
    Sharon Stone stripped almost naked to paint after revealing she had $18 million ripped from her accounts as she recovered from her near-fatal stroke 8:04

    Business:
    An Australian RTD brand is still selling it's products here despite it's appeal to minors 7:57

    International:
    It took 14 years, but British Labour was finally elected. What took them so long? 7:57


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