Current freight rates are adequately explained by market dynamics. Arguments to the contrary, and calls for a maritime regulator, are fatally flawed. It’s no secret that freight costs have gone up and in some cases, on some trade lanes, freight … [Read more...]
Ship operating costs up 773%, demand up, supply up, congestion up, shipper propaganda up
Current market conditions are caused by a huge surge in the demand for container transport. On the supply side, box port congestion and poor container port performance are reducing the supply of shipping. The costs to operate a ship are … [Read more...]