Spot container freight rates continue their ascent as ocean carriers pass along much higher fuel costs resulting from the effective closure of the Strait of Hormuz. If the strait doesn’t reopen soon, the impact on container market could intensify
Remember when Evergreen blocked the Suez canal for 6 days?
Or when Covid caused logistic expense increase
What we haven’t seem to have learned is, that corporations will use any excuse to increase profits and make it sound reasonable. I won’t argue that their expenses haven’t increased, but the price increases are not equal to them. Also prices will rise dramatically but never fall as fast or at all
Remember when Evergreen blocked the Suez canal for 6 days?
Or when Covid caused logistic expense increase
What we haven’t seem to have learned is, that corporations will use any excuse to increase profits and make it sound reasonable. I won’t argue that their expenses haven’t increased, but the price increases are not equal to them. Also prices will rise dramatically but never fall as fast or at all