California ship pileup still piling up — but out of sight, over horizon

But Brandon met with CEO's and assured us there would be no shortages!

Mayor Pete said he had this handled

quote:

---

Probably a good thing the ocean doesn't charge demurrage at the rate the railroads do.

---

The ports will charge detention fees if your freight is not collected, though that isn't really what is going on here.

Nothing additional is charged necessarily while a ship sits on the water, but you can see how the costs continue to rise as the backlog continues. Furthermore, that's tens or hundreds of millions in inventory just sitting on the ocean.

New BBB measure of creating a whole new industry to hire the unemployed, while solving over-crowded, infrastructure-stressed population centers:

Deep Water, Outdoor, Floating Shopping Plazas Accessible by Solar-Electric Watercraft

quote:

---

Nothing additional is charged necessarily while a ship sits on the water,

---

Really? Seems like their would be some massive demurge for a ship sitting around loaded for a few weeks.

quote:

---

Hopefully someday day a businessman runs for President, and his number one goal is to quell our dependence on Chyna.

---

As long as he isn’t orange apparently.

But what if he sends out mean tweets?

quote:

---

on here.

Nothing additional is charged necessarily while a ship sits on the water, but you can see how the costs continue to rise as the backlog continues.


I am referring to the cost of actually operating that ship. Crew, fuel etc those ships are sitting there on someone’s dime. The shipping company won’t just eat that extra expense and lost revenue for making less trips per month etc.

---

The costs likely fall on the charterers. The ship likely made its arrival time and announced its readiness.
“The market is still very much two-tier, with short employment being negotiated at stratospheric figures, up to USD 200,000 per day for some ships, while the more conventional 24 month and 36 month charters are commanding significantly lower, albeit historically high, rates,” Alphaliner noted in its most recent weekly report.

Among the most eye catching deals reported has been concluded by fast growing Chinese carrier CU Lines, which has just shelled out a “whopping” $155,000 per day to take the 2,751 teu Northern Vivacity for a six-month charter, according to Alphaliner. CU Lines has grown from its domestic trading routes to take in new services to the US and Europe this year.

LINK