The more expensive and delayed the shipments from China are, the better.
In all cases.
All going as planned, no doubt.
We need to stop buying crap from China.
Time for Biden to stop all flights from China.
How’s their dam?
I’m real concerned about it.
Bad news just keeps coming.
All the more reason to invest in America.
Take Biden’s $1 trillion “infrastructure” package and give it as loans to manufacturers to build factories and make stuff here in the USA.
The delta variant has broken through the country’s virus defences, which are some of the strictest in the world, and reached nearly half of China’s 32 provinces in just two weeks.
—
This makes all the quarantining of the transport ship crews rather pointless.
After almost 2 years of this crap, the “experts” can’t seem to figure out you can’t isolate from an airborne virus.
360 CASES -- not even deaths -- in a population of over a billion.
And delta has crested in other countries.
This is not about public health.
Big problem - China is charging $20,000 to ship a TEU to Long Beach / LA - in some cases the TEU is filled with Dollar Store Junk - the contents are not worth $20,000.
China will be stuck with all of that worthless junk that is too expensive to ship across the Ocean.
blam :" More delays and shortages.
" Bulk carrier congestion in China hit a five-year high of 50.5m dwt over the weekend, rising by 24% year-on-year as new restrictions were put in place in ports across the country.
Current queues are 76% above the five-year average according to data from Braemar ACM as Covid-19-related protocols
affect all sectors of the dry bulk market, worsening the crew change crisis in the process.
Newly reported positive Covid-19 cases in China have recently forced the country to re-introduce restrictions to curb the spread of the virus.
Most ports in the country are now requiring a nucleic acid test for all crew,
with vessels forced to remain at anchor until negative results are confirmed.
Many ports in the country are also requiring vessels to quarantine for 14-28 days if they previously berthed in India
or performed a crew change within 14 days of arriving in China.
“While it is unclear how long these measures will be in place for, they will likely tighten the dry market in the near-term,”
Braemar ACM suggested in a note to clients yesterday.
Mark Williams, who heads up British consultancy Shipping Strategy, concurred with Leszczynski, telling Splash:
“More likely than a national lockdown is a series of targeted lockdowns by province or county.
If those lockdowns include coastal regions, key ports and logistics centres, then globalised supply chains will become chaotic."
(My Comment): U.S. and foreign automobile, truck, and agricultural tractor manufacturers have already been impacted by a chip shortage,
as have also other manufacturing and production plants which depend on raw material, or perform final assembly.
"Current (shipping)queues are 76% above the five-year average", and that doesn't even allow for the possibility of any additional recent covid lockdowns.
Ancient Chinese Philosopher, Sum Ting-Wong says: FUBAR !
Worldometer:
China = 3 deaths/million.
The whole thing stinks. Even the Chinese themselves are questioning the suspension of passport issuance.
US Government, consumers and corporations spent the last 40 years maximizing debt and squeezing costs out of supply chains due to China.
That game is OVER.
I lost 3 profitable orders today because I couldn’t suppy the goods.
The most profitable line for my business is gone. In February I had a lead time of 10 to 12 weeks - it is now 10 months. I can’t commit to expensive custom goods and hope the customer who ordered them will be in business almost a year from now and I’ll get paid.
Most people have no clue as to how bad it is now, and how bad it is going to get. No amount of electronically created money can buy what isn’t available.
By the end of each day this week I have just about been sick. Come Monday the crapfest will start all over again.
Yeah. Maybe we should make our own stuff again? YES WE SHOULD....
Astronomical shipping costs from China?
Good!
As far as I am concerned if there are COSCO containers in the deck we should be sinking the ships.
The Chinese own our current government lock, stock and barrel. Plan accordingly. Without free and fair elections we are done…