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Container shortage was most severe at towards the end of year till the CNY. Even for SG depending on the port of origin, container rental rates went up almost 10 fold at its peak, total freight prices about doubled. In Mar the rates dropped somewhat but stayed at very elevated levels. Crane operators, container truck drivers, many hail from Msia and commute on a daily basis. The shortage of these workers has pushed the prices up as well.
This also explains why orders are coming in fast and furious for YZJ for container ships. Barely 3 months into the year and orders this year are already >USD3B. I would be a buyer of YJZ as the order flow is very likely strong for the foreseeable future. Cant say for certain what will happen to share prices but financially they are likely to be in extremely good shape.
Very very very sure the container manufacturers are running at full capacity as well.
The toe knows.
This also explains why orders are coming in fast and furious for YZJ for container ships. Barely 3 months into the year and orders this year are already >USD3B. I would be a buyer of YJZ as the order flow is very likely strong for the foreseeable future. Cant say for certain what will happen to share prices but financially they are likely to be in extremely good shape.
Very very very sure the container manufacturers are running at full capacity as well.
The toe knows.