BBCNEWS BBC News December 27, 2021 22:13:00
A sensitive system. the evergiven, the ship that blocked the suez canal for six days in march, caused massive backlogs, but it's covid that's 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, and that'sjust not happening, because they can't. and the of sending shipping containers by sea has risen dramatically. it has absolutely gone crazy this year. so if you're looking at short—term freight rates from asia to europe, you're looking at a 366% increase. longer—term rates, locked in 12 months in ...