Quote:
Originally Posted by Nancy
A. It's so bad that charter rates have fallen from $200,000 a day to $2,800, or so claimed the other. Translation: Chinese exporters must be hurting like heck.
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as a senior person in the shipping industry with many ties to China, I can tell you that shipping may have dropped off, but those #'s are ridiculas.
the company i work for is owned by the 5th largets vessel operator in the world, so i speak with some knowledge.
if the market rate to charter a vessel was only $2800, then they would simply stop operating. think about it. a vessel not only requires a crew and fuel, but also ground operators to load and unload the cargo. 2800 wouldnt even pay for the captains time, never mind everything else.
that being said, the shipping lines are hungry. a 20' container from Shanghai to Vancouver would cost about $2000.00 usd all things considered.