Parts for those that can't see it :
Peter Baum’s company in New York, Baum-Essex, uses factories in China and Southeast Asia to make umbrellas for Costco, cotton bags for Walmart and ceramics for Bed Bath & Beyond. Six months ago, he was paying about $2,500 to ship a 40-foot container to California.
“We just paid $67,000,” he said. “This is the highest freight rate that I have seen in 45 years in the business.”
In early September, he waited 90 days to secure space on a ship for a container of wicker chairs and tables.
Another U.S. importer, Highline United, which imports women’s shoes from China and Hong Kong for brands like Ash, Isaac Mizrahi, is paying more than five times its usual price for shipping.
“It’s a classic supply and demand issue,’’ said Kim Bradley, the chief operating officer of the company, which is based in Dedham, Mass.
‘I’ve Never Seen Anything Like This’: Chaos Strikes Global Shipping https://www.nytimes.com/2021/03/06/business/global-shipping.html
I have DAC + DSX + CTRM
Others I looked at: ZIM + GNK + SB + INSW + TOPS + SHIP + SBLK
Submitted March 06, 2021 at 06:40AM by NPRjunkieDC https://ift.tt/3blLhvp
