Umpteen studies and articles indicate one specific conclusion: in the next ten years, China, most likely, will be the biggest economy in the world. The rise in exports in the last few decades paved the way for the expeditious rise of the Chinese economy on the world stage. Yet how outstanding is the influence of…
Container and dry bulk carrier earnings are at record levels as high demand for the goods hits supply chains. Despite the Covid market conditions, the container market figures are very high. The increase in customer demand at the same rates enabled container manufacturers to make huge profits. Also carrier profitabilities increased because of the exceeded…
Coronavirus outbreak triggers shipping container crisis. Container market risks chaos to 2022 after Covid-19 outbreak in China The existing demand is currently outpacing the supply in the container market. There are only two companies in the world that build and sell shipping containers, and both are in China. Rental and shipping costs have also increased.…