2021-11-15
Since the epidemic last year, foreign traders have first been hit by order cancellations, then seen increases in material costs and shortages in material supply, experienced the decline of the USD exchange rate all the way, had trouble visiting customers and exhibiting abroad. Even had their collection accounts mistakenly frozen due to the national crackdown on fraud. However in front of the soaring freight, many pain points become kid’s stuff.
Freight, especially sea freight, whose substantial raising scale and high increasingly frequency can refer to the stock movement of shipping companies. Take COSCO as an example, at the beginning of pandemic, each share price is just around 3 yuan, in fact a little-known small cap, but it went sky-high like taking the magic pill and became ten times the large bull stock.
But I also know recently that as foreign trader who deals with shipping affair daily actually failed to buy a share, it is matter of hindsight and also too late for deep sorrow. To get back to the point, you can take what I experienced as evidence of what sick shipping has been in the last year or so.
I hope we make a little progress every day.
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