Shares of shipping companies are trading higher in Asian markets as a fast-spreading variant of Covid-19 increases the prospect of supply-chain disruptions that could keep freight rates elevated. In Hong Kong, Cosco Shipping Holdings Co. rose as much as 11% to its highest level since late September, boosting year-to-date gains to 79%. Orient Overseas (International) …
The post Shipping Stocks Jump in Asia as Omicron Variant Threatens Supply Chains first appeared on Hellenic Shipping News...