Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macro and Geopolitical Research House

Shipping Watch: Looks like container rates have topped for now

Suez Watch: Is the peak in freight rates in?

Energy Cable #55: Red Sea Troubles Leading to Breakout in Oil!

Energy Cable: The Suez Troubles are WORSENING

Junior Finance Analyst, Steno Research

Ulrik Simmelholt

Junior Finance Analyst

Macroeconomics

<ul><li>Early weakness in European shipping demand, while US demand remains strong</li><li>The freight rate story is more likely to impact USD-flation than EUR-flation</li><li>Expect another spike in freight rates when spring volumes arrive</li></ul>

Early weakness in European shipping demand, while US demand remains strongThe freight rate story is more likely to impact USD-flation than EUR-flationExpect another spike in freight rates when spring volumes arrive

Suez Watch: Euro demand cannot cope with these prices!