RE: RNS - Norges bank increased20 Dec 2021 19:35
Hi Dan,
I'm not worried at all about the freight situation, my background is Global Logistics so I know more than most about the situation and how/when it will resolve. I'm not sure what you expect the Managment to do about the lack of capacity and increased rates, every single business in this country that import/exports is dealing with substantial increased costs and there is nothing anybody can do about it, if a business doesn't want to pay the asking price for space, someone else will. The current rates are not sustainable and will decrease, pressure if already been put onto shipping lines to get empty containers back into the Far East. Things are already happening, things you won't see. My prediction is a substantial improvement in H2 next year.