Revenues for shipping companies have soared in recent months to a record level since 2008, Bloomberg reports, citing data from analyst firm Clarkson Research and its daily revenue index. There are several reasons behind this, experts say. First, the economies of countries are beginning to recover from the pandemic, and with this, the demand for goods and raw materials is growing. Second, the global supply chains are not fully restored yet, not all ports are operating normally, many ships are delayed, so there are few vacant ships and transportation prices have skyrocketed. As a result, shipping one container from China to Europe by sea can now cost four times more than a year earlier.
In addition, the consolidation of the container shipping industry is taking its toll: now only the six largest companies control 70% of the container shipping market. “A few years ago, we would have received half a dozen competing offers for shipping in two hours,” the owner of the American importer DeSales Trading, Mark Murray, told The Wall Street Journal. guys, you have to pay a lot of money for transportation and the cargo will be delivered with months of delays. ” Before the pandemic, according to Mr. Murray, they paid about $ 3 thousand for the reservation of one container, but now they pay at best $ 9.5 thousand, and there are requests for $ 19 thousand.
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