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Efilroft Sul

(3,584 posts)

1. Freight rates were deliberately made sky-high because shipping firms created an artificial shortage.

Reply to Submariner (Original post)

Fri Feb 3, 2023, 12:14 PM

Feb 2023

They had a surplus of empty containers sitting in South American and African ports all along. However, they didn't bother to fetch them because they were making bank gouging North American and European markets, thus exacerbating — if not being the primary cause of — supply chain breakdowns.

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Highlight:

'The Party is Over' for Container Shipping, Says Hapag-Lloyd CEO [View all] Submariner Feb 2023 OP

Freight rates were deliberately made sky-high because shipping firms created an artificial shortage. Efilroft Sul Feb 2023 #1

I'm so glad Rolf had a good time at his party gratuitous Feb 2023 #2

I would like to see business fall further due to more stuff being made HERE for here Stinky The Clown Feb 2023 #3