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santafe2

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santafe2

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Re: Biowatch post# 28052

Friday, 05/26/2023 11:55:50 AM

Friday, May 26, 2023 11:55:50 AM

Post# of 29428
A decade ago my partners and I were shipping 20-25 containers a month out of Asia. Contract prices to the West Coast were roughly double the current spot price. When we began in late 2008 the spot price was about half what it is today and we were only shipping a couple of containers a month. Considering the cost per unit, ocean shipping was basically free. The ocean freight business is a tough one. If this goes on much longer, ships will be taken out of service and a new cycle will begin.

The stock market is a device for transferring money from the impatient to the patient. - WB

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