A perfect storm for container shipping | The Economist

October 2, 2021

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The spot price for sending such a box from Shanghai to New York, which in 2019 would have been around $2,500, is now nearer $15,000. Securing a late booking on the busiest route, from China to the west coast of America, could cost $20,000.

Some observers think normality may return after Chinese new year next February. Peter Sand of bimco says disruptions could even take a year to unwind. Lars Jensen of Vespucci Maritime, an advisory firm, notes that a dockers’ strike on America’s west coast in 2015 caused similar disruption, albeit only in the region. It still took six months to unwind the backlog.
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https://www.economist.com/finance-and-economics/a-perfect-storm-for-container-shipping/21804500