[Magnum44]

Would like to understand this a little better. $3800 to $17000 in one year? Thats almost 450% increase. What would drive that type of increase? We have increases in costs going on all around and with fuel prices 30%-50% up and food prices climbing, I could understand a similar increase in shipping costs. But 450%? Need more information.

[BlackAdderess]

China subsidized a lot of shipping from their manufacturers and they manufacture 96% of containers as well as having the second largest fleet. They dominate shipping from their ports to the United States. Perhaps there has been policy changes, or maybe its just the massive energy shortages and covid impact that is changing the math on this.

https://www.csis.org/analysis/hidden-harbors-chinas-state-backed-shipping-industry

[BlackAdderess]

China energy crisis article

https://www.forbes.com/sites/arielcohen/2021/10/19/chinas-energy-crisis-deepens-with-potentially-fatal-consequences/

[jcon40]

Why are we having this problem?

Here’s how the state of California views it.

https://ww2.arb.ca.gov/sites/default/files/2021-09/port_congestion_anchorage_locomotives_truck_emissions_final_002.pdf

[Blennos]

I could understand a similar increase in shipping costs. But 450%? Need more information.

The cargo ships sitting in port for weeks at a time cannot help but drive up costs. California's ridiculous "global-warming" regulations have made it impossible to unload ships in a timely manner. Someone must pay for those idle ships and crew.