The Perfect Storm Making Everything You Need More Expensive

A giant ship wedged across the Suez canal, record-breaking shipping rates, armadas of vessels waiting outside ports, covid-induced shutdowns: container shipping has rarely been as dramatic as it has in 2021.

The average cost of shipping a standard large container (a 40-foot-equivalent unit, or feu) has surpassed $10,000, some four times higher than a year ago (see chart).

The spot price for sending such a box from Shanghai to New York, which in 2019 would have been around $2,500, is now nearer $15,000.

Securing a late booking on the busiest route, from China to the west coast of America, could cost $20,000.

Join your host Sean Reynolds, owner of Summit Properties NW, and Reynolds & Kline Appraisal as he takes a look at this developing topic.

https://www.economist.com/finance-and-economics/a-perfect-storm-for-container-shipping/21804500

🔔Join this channel to get access to perks 👇
https://www.youtube.com/channel/UCHm8vWol8eNjTJZSjq2jaLQ/join

-------------------------------------------------------------------------------------------------------
🔥🔥 𝑺𝒆𝒂𝒕𝒕𝒍𝒆 𝑹𝒆𝒂𝒍 𝑬𝒔𝒕𝒂𝒕𝒆 𝑷𝒐𝒅𝒄𝒂𝒔𝒕 🔥🔥

►💎iTUNES
https://apple.co/2MkFziJ

►💎SPOTIFY
https://spoti.fi/2Dh8EoL

►🏡JOIN SUMMIT PROPERTIES NW
Website: https://summitpropertiesnw.com/career/
High 80/20 Split, Zero Fees, and a Low $10,000 Cap!
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

✔ SUBSCRIBE 📣HIT BELL! ✔LIKE ✔COMMENT

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
★ REACH OUT TO ME ★

►✅Follow Us - Facebook: https://facebook.com/summitpropertiesnw/

►✅Follow Us - Instagram: https://instagram.com/summitpropertiesnw/

►✅Email Me - [email protected]

#SeattleRealEstate #HousingMarket #Podcast