Brace yourselves. The trans-oceanic shipping containers that cost $4k to move 18 months ago are now at $20k per container, with a possible increase to $40k. Containers that once took 4 or 5 days to find spots on ships are now languishing for weeks on docks. Ocean shipping could triple, and airline shipping could quadruple. It’s a recipe for “catastrophic” inflation.
Roy Green interviews Jake Phipps, CEO Phipps International;
Everything was better when Trump was in charge. Biden’s ruined the entire world.
This could all be fixed in 6 months. Easily.
Any clue as to how?
Ask Trump. He’d know.
If you sincerely wanted to fix it.
“What? Are ya gonna wave some sort of magic wand, or something?” – Barrack Hussein Obama
No, no, James the Great Reset will fix it …… ah …. Sh*t.
This is the cause of the great reset, in some sick place (Davos) this doesn’t need fixing. What is truly shocking is that so many in government(s) can’t be in on this as it would leak, and are so incompetent that they can’t see whats coming, or have no idea how to intervene if they can. There are a lot of people who think that they are in the club that will find out they’re not when this blows up. Hello cement head cops from the Ottawa fiasco, yeah you guys are the prime example. Tough time to be all the mob can find to satiate their righteous blood lust.
Buddy was trying to move some product into northern BC. When he bid the job each truck load was $5,000.00. 10 weeks later he couldn’t find a truck willing to haul a load for less than $13,000. It has gone up a lot since then.
I’m going to be short everything but oil soon, i don’t know if you can make enough to keep up, but got to make some.
A big piece of the problem is that many (most, all?) of the receiving ports have perverse incentives to NOT move containers through the port quickly.
Yes, I saw articles detailing some of the environmental and union restrictions at play in California. No wonder it’s grinding to a halt.
That’s the spot price, but is anyone actually paying it?
this has something to do with it: https://shipandbunker.com/prices
I wonder if anyone has designed a 30 kt hull for shipping containers yet
Bring back the Sea Clippers. /s
This is what happens when an economy has been destabilized. An economy above all else requires stability and determinism. Not the sort of thing you get with the childish, reactionary, fantasizers we have in power right now in the US and Canada.
I don’t need any of the crap shit in those containers.
The fuck out.
Plant a garden and fuck the Chinese plastic shit in most of those containers.
If there is integral shit, then bad on us for off shoring it.
The End.
And when the container gets to Vancouver it will cost you thousands more in demurrage fees as the rail is backed up for months and there aren’t any trucks to move it. Now with Iran bombing the US consulate in Iraq I expect oil to break $150 a barrel when trading opens tomorrow. Oh yes, we’re all screwed
That’s not all bad. It will make manufacturing in the US and Canada far more attractive. This very bad news if you are a Chinese manufacturer.
Question is, will the current regulations allow you to make money producing here.
No
Sorry, but I still find this whole “port unloading bottlekneck” thing a bit suspicious. Someghow the loading of crgoes has not been disrupted, so why th unloading?
Because the loading ocurrs in Asia, the unloading here.
America doesn’t sell a lot of plastic crap, electronics, socks, t shirts and underwear to China. Mostly raw materials.
Trade requires trust.
Logistics requires competency.
Looking at who is in charge,small wonder the shambles is growing..
However I keep suspecting design.
The chaos and destruction seems intentional.
Democrats hate their home country,now they are out to break it..
Stolen Elections have consequences.
When the Hinterland reacts to this sedition,will there be any bag limit on Liberals?
Daily? Weekly?
Or will there have to be a “season” so that every patriot gets a crack at one?
Now, of course, everything is blamed on Russia.
But our ports were failing by November 2021.
At that time, we were told “because of covid.”
But covid, and covid mandates, were in place through most of 2020, and the ports kept up.
What changed? Oh, I know that Biden got in, but what specifically changed in regulations or practices that resulted in ports that could operate in November 2020 being so woefully inadequate by November 2021?
Anybody have specifics?
California dreaming.
Been covered here before,the perfect shitstorm of idiotic rules and regulations,cause”Global Warming”.
making the Port bottlenecks look intentional.
But only to those citizens who are unable to credit just how stupid Democrats are.
Liberalism is a progressive disease.
Gang Green one of the End Stage symptoms.
I read that the ports of Los Angeles and Long Beach had limits on how high the containers could be stacked, local zoning regulations. As well, California regulations regarding pollution knocked out a significant batch of older trucks from operating in the Golden State. The height regulations were amended if I recall correctly. Through in a toxic mixture of unions, governments of all levels, Covid. Just a quick summation based on a few things I saw on the internet. Others are welcome to add or correct me
Wait until all cargo ships have to run on solar or wind, the cost will be 50 times what it is now.
CF, We used to have ships run on wind….
We used to have ships made of wood, and men made of steel, now it’s the other way around!
Wormwood … CS Lewis chose that name for Satan’s emissary to man in The Screwtape Letters
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