"Rising Freight Costs and Red Sea Tensions Threaten Global Economy and Inflation"

Shipping stocks have surged due to increased freight costs following tensions in the Red Sea, which have led to rerouted shipping lanes and reduced container availability. Major carriers like Maersk and Hapag-Lloyd have seen significant stock price increases, with analysts upgrading their price targets in anticipation of higher earnings. The rerouting of ships due to Houthi rebel attacks has extended travel distances by 30%, causing a spike in freight costs and potential supply chain disruptions, particularly for the Asia-Europe trade route.