Container shipping has cratered, as ship owners try to avoid unprofitable trips
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Re: Container shipping has cratered, as ship owners try to avoid unprofitable trips
#2Re: Container shipping has cratered, as ship owners try to avoid unprofitable trips
#3Everyone in an public or private position of influence over the economy should be barred from running more than a 7-11 after the covid fiasco.
Anyone claiming there isn’t any evidence the production of necessities is a zero sum game from the perspective of the average person is a deluded fool.
Inflation deflates the public to stabilize and grow buying power of imaginary asset owners. It’s a viral game of make up a reason why a minority are free of real work keeping them breathing.
Re: Container shipping has cratered, as ship owners try to avoid unprofitable trips
#4does this mean we can get cheap containers?
Re: Container shipping has cratered, as ship owners try to avoid unprofitable trips
#5does this mean we can get cheap containers?
No, it means you can ship cheap trash from point A to point B, but people on either end will be too poor to buy it.
Re: Container shipping has cratered, as ship owners try to avoid unprofitable trips
#6That’s a pretty manipulative graph. Show the pre pandemic spot rates! From the article “ Box-ship operators were among the biggest pandemic winners. Orders for imported goods began to climb in 2020 …” so why doesn’t it show 2020 then?
Re: Container shipping has cratered, as ship owners try to avoid unprofitable trips
#7Sounds like some of the companies are playing a war of attrition to drive competitors out of the market.
Re: Container shipping has cratered, as ship owners try to avoid unprofitable trips
#8> The rates for both trade lanes are hovering around 2019 levels, but fuel and labor expenses are higher now than before the pandemic.
Hard to really feel like this is a crisis, since all of the reporting is how there was a brief, glorious period (for the companies) of 10x prices, and the crisis is that the period is ended.
Re: Container shipping has cratered, as ship owners try to avoid unprofitable trips
#9Isn't this just a sign that the Fed's tamping-down of inflation is working?