Just when things seemed to be simmering down a little bit – not great, you understand, but the waters weren’t roiled and there were dribs and drabs of good news –
What a week! Our 700ft wide, 50ft deep channel was opened & we welcomed our largest container ship to Seagirt Terminal since the bridge collapse! Ever Forever has a capacity of nearly 13K 20ft long containers. Big ships are back in Baltimore. #BaltimoreIsBack #ThePortForOurNation pic.twitter.com/005d9JZ5Zs
— Port of Baltimore (@portofbalt) June 13, 2024
– along comes a big, black cloud and the wind has started picking up.
YOICKS, you think.
What now?
Well, it turns out that what shipping companies have lost in volume due to the global economic slowdown, they’re going to make up for in fees.
Oh, boy, are they ever, and it looks like there’s no time like the present to start jacking those rates.
Fears are rising ocean freight…
