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Mark Boone grudgingly accepted that the cost of shipping a container of wax melters from Pakistan to Charleston, S.C., doubled in the past year to more than $17,000. But the shipping line’s extra $6,820 fee in December for a single container that U.S. Customs and Border Protection pulled aside for inspection for 20 days fell ...
The situation is throwing a spotlight on the market concentration of shipping lines, and their legal immunity from antitrust laws. . Read more at straitstimes.com.
Shipping Companies Had a $150 Billion Year. Economists Warn They’re Also Stoking Inflation
Supply chain issues and high shipping rates have thrown a spotlight on the market concentration of shipping lines and their legal immunity from antitrust laws.
(Bloomberg) -- Ocean shipping rates are expected to stay elevated well into 2022, setting up another year of booming profits for global cargo carriers — and leaving smaller companies and their customers from Spain to Sri Lanka paying more for just about everything.