Jul 13, 2021
Container shipping rates are at all-time highs. So How bad is the situation? How bad is the backup at various container shipping ports? What effect is this having on inflation in the short term? Evergiven container ship released from Suez Canal
Busiest Container Shipping Ports
Problems at Yantian port
Ships anchored of container shipping ports causing backups
The surge in Container shipping prices
Panana Spread all-time high container shipping rates
Empty sailings containing shipping
Dwelling time container shipping
The difference in rates Shanghai to LA vs La to Shanghai
Container shipping rates impact on inflation
New container shipbuilding orders up in 2021 to around 17% to 20% of the fleet
Evergiven stuck in Suez Canal
Evergiven container ship finally release from Suez Canal
Effect on global trade due to container ships stuck in Suez Canal
Mentioned in this Episode:
Book The Box by Marc Levinson https://amzn.to/3hwcj61
Book Outside the Box by Marc Levinson https://amzn.to/3e7AgyN
Podcast Is Inflation Really Out of Control? https://podcasts.apple.com/us/podcast/is-inflation-really-out-of-control/id1432836154?i=1000526178078
Supplychaindive charts showing Covid container ship problems https://www.supplychaindive.com/news/yantian-china-port-covid-charts-data-congestion-ships-supply-chain/602014/
Balance of Trade Chart https://fred.stlouisfed.org/series/BOPGSTB
Yantian port back to normal? https://theloadstar.com/yantian-back-to-normal-tomorrow-but-box-backlog-will-take-weeks-to-clear/ from THELOADSTAR site
Infographic showing impact to global trade from stuck Evergiven container ship in Suez Canal from Freightwaves site https://www.freightwaves.com/news/daily-infographic-ever-given-finally-released-from-custody-in-egypt
Yantian port to re-engage with pre-financial crisis expansion of 3 million TUEs at port https://theloadstar.com/port-of-yantian-dusts-off-pre-financial-crisis-plan-to-add-3m-teu-capacity/