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> Perhaps you could explain why container owners have no incentive to increase their business volume. The article I linked does a fairly good job explaining it
by mercy_dude 5y ago
> Perhaps you could explain why container owners have no incentive to increase their business volume.
The article I linked does a fairly good job explaining it. Basically if you are a container owner, you can charge 10x the price for containers from Shanghai to Long Island, while the other way it’s almost a loss since it’s returning empty.
The decline in ships waiting just offshore of Los Angeles/Long Beach continues to be touted as a sign that port congestion is easing — despite the fact that the true number of waiting ships has not actually declined.
https://twitter.com/typesfast/status/1466424994670518279 https://twitter.com/typesfast/status/1466424994670518279