Soaring shipping rates are not guaranteed profits; high freight costs may backfire on global trade demand

金十2026/03/04 12:17

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Golden Ten Data reported on March 4 that Ben Slupecki from Morningstar stated that the turmoil in the Middle East is impacting global supply chains, as approximately 10% of global maritime trade relies on the Suez Canal. He added that ships are rerouting around Africa, which on average adds 10 days of delay and increases costs. "Supply chains are becoming slower and more expensive, and as consumers begin to personally feel the economic pressure brought by the conflict, the situation faced by European leaders becomes even more severe." Although shipping companies typically hedge higher costs through emergency contract clauses, the real benefit comes from pricing power. When supply is limited, freight rates rise, and higher prices drive profit growth. However, Slupecki pointed out: "These high prices also suppress demand, which means it's not the 'big money-making' opportunity people imagine."

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Power Root bought back 134,300 ordinary shares on Oct. 7, 2026, paying MYR 147,891.13. Purchases were priced between MYR 1.08 and MYR 1.12; all shares were retained as treasury stock. Treasury shares rose to 16,051,800, representing 3.78% of issued shares. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Power Root Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3712895) on October 07, 2026, and is solely responsible for the information contained therein.

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