Why are shipping costs so high right now?

09/04/2021

Maersk.jpg

Let’s oversimplify the incredibly complex world of global supply chain logistics, just because we can. There are a select number of major maritime companies that control trade through the world’s shipping channels. Even before the recent Suez Canal debacle, the pandemic had caused great disruption and astronomical losses. Now that there are signs of recovery, the container cartel is raising prices to make up for their suffering. And that will last for another few months until they start undercutting each other. See? It’s really very simple…

Read More:

https://www.hellenicshippingnews.com/freight-rates-jump-up-to-700/

https://www.bloomberg.com/news/articles/2021-04-09/the-forgotten-shipping-pallet-is-staging-a-pandemic-era-rally

https://www.homeaccentstoday.com/industry-news/stanley-owner-responds-on-temporary-suspension-at-high-point-headquarters/



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