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Share this article By Jacob Gronholt-Pedersen (Reuters) – High shipping rates are set to continue for at least several weeks, despite new coronavirus lockdowns in Europe, boosted by demand for furniture, exercise equipment and home improvement goods, shipping group Maersk ($AKMBY) said on Wednesday. A surge in demand from shoppers sheltering at home in a worsening COVID-19 pandemic has upended normal trade flows and triggered a spike in the cost of moving goods around. “There are simply not enough containers in the world to cope with the current demand,” Maersk’s Chief Commercial Of...

The finance ministry said last week it saw 2020 exports hitting a record high. The transport ministry’s Maritime and Port Bureau said the shipping container shortage was most severe on U.S. routes, and that it had met Taiwanese shipping companies on Dec. 1 to discuss the problem and ensure trade can flow. While noting that freight rates were a commercial decision that follow market principles, shippers should not be trying to gouge customers, the bureau added. “In order to avoid unscrupulous operators taking the opportunity to drive up prices, the Maritime and Port Bureau has urged sh...

The Offending Classic Photo: Nikolai Aistov as the Rajah, Julia Sedova as Gamzatti and Pavel Gerdt as Solor (ca. 1902). Courtesy of the Marius Petipa Society. We have recently seen a conflict over a Depression-era mural on the wall of a public school in San Francisco. It came under attack by the student body for its offensive content to minorities, even though the 1930s mural in question was by Russian leftist émigré artist Victor Arnautoff (hardly a household name) and was created as a protest against the injustice propagated by the United States of America against minorities.[1] A dead Na...