BBCNEWS BBC News December 27, 2021 12:23:00
We already know it is a sensitive system — the evergiven, the ship that blocked the suez canal for six days in march, caused massive backlogs. but it is covid that has done the real damage. container lines are run like train lines. they have schedules and they're meant to call at fixed times for fixed durations, that is just not happening because they can't. and the cost of sending shipping containers by sea has risen dramatically. it is absolutely gone crazy this year. if you're looking at short—term freight rates from asia to europe you are looking at a 366% increase. longer—term rates...