They say they have #inflation "under control" =>
"Situation mirrors the early stages of the global #COVID-19 pandemic when empty containers were stranded in the wrong parts of the world, forcing container #shipping rates to skyrocket.
9 January 2024 18:07 GMT Updated 9 January 2024 18:35 GMT
Seafood companies shipping product by sea can expect to pay higher freight rates in 2024 as the shipping industry grapples with fallout from conflicts in eastern #Europe and the #MiddleEast.
The current disruptions in shipping mirror the early stages of the global COVID-19 pandemic in 2020, when empty shipping containers were stranded in the wrong parts of the world, forcing container shipping rates to skyrocket.
"Tens of thousands of [containers], I mean it's not a small number. They are all over the Middle East and all over #China and #Asia," William Duggan, North #America advisor at New Jersey-based Eskesen Advisory, a boutique consulting firm that serves the refrigerated transportation sector, told IntraFish."