The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: robert b furman who wrote (7429)	3/28/2021 1:29:10 PM
From: elmatador	of 13794

"Market participants declare that transportation cost has increased from about $1,500 to $6,000-$9,000 per container in February this year (2021). ´ The container shortage also drives up new containers’ prices, as manufacturers know the demand to charge extra. The Chinese container manufacturers, which dominate the market, are now charging $2,500 for a new container, up from $1,600 last year. In the previous six months, container rental rates have grown by about 50 percent as well." What is this? Squeeze the supply chain that moving shipping traffic to the NOrth Sea Route gathers momentum. the passage of a cargo ship from Shanghai to Hamburg along the North sea route is 2.8 thousand miles shorter than the route through Suez canal.

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