Leaky Ships: Ocean Carriers in the Age of Profitless Shipping
Global shipping rates are astonishingly low right now; it’s possibly never been cheaper to ship goods around the world, ever.
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Prices to move a 40-foot container from Rotterdam to Shanghai costs $300, which is barely enough to cover the cost of fuel, handling, and Suez Canal fees.
Prices to move a 40-foot container from Rotterdam to Shanghai costs $300, which is barely enough to cover the cost of fuel, handling, and Suez Canal fees.
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In any case, both consumers and retailers are benefiting from lower
shipping prices. Global trade is one of the great forces for good in the
world, and cheap freight will lead to more of it.
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