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BDRY - Global Supply Chains Under Pressure Amid Rising Costs Delays
Breakwave Dry Bulk Shipping
According to the Financial Times, the cost of shipping goods from China to Europe has more than quadrupled in the past eight weeks.
MetalMiner's own research has found the worst increases are on the China to US West Coast and Northern Europe routes.
NRF estimates container volumes at US ports in March will soar 41% from a year ago to 1.93 million twenty-foot equivalent units (TEUs), even as the port's capacity is reduced by a shortage of workers and dreadful port congestion.