Global Shipping in Chaos: Who Benefits the Most?

Hello, fellow investors~

The pandemic has brought significant impacts to the global shipping industry, turning companies such as CIMC Group and COSCO SHP SG into star enterprises. Behind this backdrop, Yantian Port, as a key harbor, has also faced substantial disruptions.parking spacesA spot is hard to find,ContainersA container is hard to find,Maritime transport capacityA vessel is hard to secure. Global terminalsOperational efficiency is relatively low, but the international community has seen a significant increase in demand for Chinese goods.The volume of demand has surged significantly,and after the exported goods are unloaded abroad, international liner companies lack sufficient capacity to transport empty containers back to China. Many international liner operators believe that returning empty containers from foreign ports to China is too costly, and instead choose to return to China andplace orders for new containers in China.。

Between 2018 and 2019, the cost of shipping a 40-foot container to the U.S. East Coast was approximately $1,200 to $1,500. This year, the price has risen toSurgeArrived27000~33000dollars. The surge in shipping costs has benefited shipping companies, logistics firms, and freight forwarders the most, while the increase in logistics costs will ultimately be passed on toconsumersOn the body.small and medium-sized enterprisesthose most affected, particularly low-value-added manufacturing industries, where high freight charges have eroded their profit margins.

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Behind the shortage at Yantian Port: The global shipping industry descends into chaos

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