2 ms·
I’d like to question the premise of the financial impact of this... figures like “$400m/hour” are being bandied around as a measure of the lost trade. But this
by jl6 6y ago
I’d like to question the premise of the financial impact of this... figures like “$400m/hour” are being bandied around as a measure of the lost trade. But this isn’t necessarily lost trade - merely deferred trade.
So surely the financial impact should be proportional to the interest you’d pay on $400m/hour?
At ~3% interest, we’re talking less than $1m/day.
And so solutions that involve destroying the ship look less attractive.
- high_byte 6y agovery hard to measure. some goods like food expire. scary to think what about the livestock. other goods lose value due to delays, etc.
- dan_hawkins 6y agoSome goods are perishable. Modern logistics can have very tight deadlines.
- jl6 6y agoPerishable goods go by plane though. Containers are often held up in ports for weeks due to customs checks. I’d expect the vast majority of sea-shipped goods to be non-time-critical and unharmed by waiting for a couple of weeks.
- dan_hawkins 6y agoI think you underestimate the volume of the perishable goods. Most are transported in containers: https://en.wikipedia.org/wiki/Refrigerated_container https://en.wikipedia.org/wiki/Refrigerated_container