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 Below a note basis the FREIGHTOS data by Ms. Madhavi Arora, Lead Economist, Emkay Global Financial Services.

"Freight rates from Asia have spiked 53% in a month (depending on the route)...plus container shipping giants and oil supermajor BP have halted transit via the Red Sea/Suez Canal route after the attacks (the route assumed even more importance post Ukraine war as Russia shifted its supply largely to Asia post sanctions). We are ending the year with higher global freight and insurance rates, possible upside risk to oil and global trade and re-emergence of the potential supply chain = Cost push Inflation pressures"....Hope it all subsides as we enter the new yr....else apart from other factors, this newly built supply chain pressure will further play spoiler in heavy mkt bets of 150bps Fed cuts in 2024 (starting Mar). #wholovespivot trade

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