Pre-Trading Thoughts

Maersk has reshuffled routes citing risks to seafarers and cargo on Red Sea. Red Sea disruptions, surging Chinese demand, and supply outages are boosting competition for oil supplies that do not have to transit via the Suez Canal, Reuters reported. French electrical equipment manufacturer Schneider Electric discussed potential electricity, water abstraction and greenhouse projects that rely on solar power with officials from the South Sinai governorate. The WB is studying a new program with E...