4 ms·

I'd start by computing the number of ships that went around the Southern tip of Africa as a result of the stuck ship. I wonder how much the cost of extra fuel a

I'd start by computing the number of ships that went around the Southern tip of Africa as a result of the stuck ship. I wonder how much the cost of extra fuel and food/pay for all of those ships doing additional miles will be? And the resulting increase in wholesale/retail costs? Regarding penalties re late delivery, I'm less worried about that. Cargo ships always have language about loss and force majeure. I think a stuck ship would qualify as force majeure. And a week shouldn't affect most perishables e.g. grain, that go into containers.

GordonS 6y ago
Container ships burn horrible, cheap bunker fuel, and the shipping industry is infamous for hiring crew from low-income countries like the Philippines, paying them a pittance, and treating them like modern-day slaves. I'd strongly suspect that the costs for spoilage and knock-on effects from late delivery etc would outstrip crew and fuel costs by a large margin.
- itismetheidiot 6y ago
  Filipino Masters and Chief Engineers are being paid north of $8500/month. Evidently you are not well informed.
  - GordonS 6y ago
    I don't doubt a select few senior people are well paid - but there are many, many more junior crew members that do not fit that description. Also - rude.
  - Loughla 6y ago
    I'm not sure OP was talking about masters and chiefs (chiefes? Why does that look weird spelled both ways?). I'm certain s/he was talking about juniors on the ships.
PeterisP 6y ago
I believe that we can simply look at the channel fees lost due to the downtime - as far as I understand, the fee for using the channel is intentionally close to "the cost of extra fuel and food/pay for all of those ships doing additional miles", a bit lower but not much lower than the alternative of going around Africa.
- glenneroo 6y ago
  As posted elsewhere in this thread, this guy debunks that theory: > https://www.youtube.com/watch?v=0iwOZOb90fM https://www.youtube.com/watch?v=0iwOZOb90fM
nradov 6y ago
Grain is usually carried by bulkers, not in containers.

GordonS 6y ago

Container ships burn horrible, cheap bunker fuel, and the shipping industry is infamous for hiring crew from low-income countries like the Philippines, paying them a pittance, and treating them like modern-day slaves. I'd strongly suspect that the costs for spoilage and knock-on effects from late delivery etc would outstrip crew and fuel costs by a large margin.

itismetheidiot 6y ago
Filipino Masters and Chief Engineers are being paid north of $8500/month. Evidently you are not well informed.
- GordonS 6y ago
  I don't doubt a select few senior people are well paid - but there are many, many more junior crew members that do not fit that description. Also - rude.
- Loughla 6y ago
  I'm not sure OP was talking about masters and chiefs (chiefes? Why does that look weird spelled both ways?). I'm certain s/he was talking about juniors on the ships.

PeterisP 6y ago

I believe that we can simply look at the channel fees lost due to the downtime - as far as I understand, the fee for using the channel is intentionally close to "the cost of extra fuel and food/pay for all of those ships doing additional miles", a bit lower but not much lower than the alternative of going around Africa.

glenneroo 6y ago
As posted elsewhere in this thread, this guy debunks that theory: > https://www.youtube.com/watch?v=0iwOZOb90fM https://www.youtube.com/watch?v=0iwOZOb90fM

nradov 6y ago

Grain is usually carried by bulkers, not in containers.