Shipping costs soaring

“Container shipping remains the star. It now costs $14,287 to haul a 40-foot steel box from China to Europe. That’s up more than 500% on a year earlier and is pushing up the cost of transport everything from toys to bicycles to coffee.”

In the next post, I’ll send a chart of what the Baltic Dry Index has done over the past 16 months.

https://www.bloomberg.com/news/articles/2021-09-12/the-world-s-shippers-are-earning-the-most-money-since-2008?sref=qLOW1ygh