Quote:
Originally Posted by DementedReality
im not disputing the article was written, but i deal with this stuff on a daily basis. maybe there are charters out there for 2000, but certainly not trans pacific. maybe the equivelent of going from Vancouver to Seattle? lol, who knows but no chance those rates are being seen anywhre other than in theory (BDI).
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I work a fair bit with shipping rates as well, and one thing I'll add is that in the very short term, shipping costs are extremely volatile.
Shipping costs can wiggle violently, double over a period of 2 weeks, then be cut in half the next week. Even in 06 and 07 rates for ships I use tripled vs say 05 but the economy wasn't 3x as hot, just that shipping is a closed market with a fixed amount of supply. Small changes in demand can move prices significantly and quickly.