News for hackers. Stuff that matters.

A comment on Ocean shipping rates have plunged 60% this year. Parent comment

Re:Ocean shipping rates have plunged 60% this year by mtillman on Wednesday September 07, 2022 @08:57AM (#32749943)
Pretty common to ship 20mt of metal in containers-we process $8B in raw commodities a year like this. Commodity traders don’t pay these prices to ship though, these are high value manufacturing (cpg, tech) prices. Commodity firms still ship enough volume to pay sub $2k a can.
[ Parent | on HN ]
Re:Ocean shipping rates have plunged 60% this year by mistrial9 on Wednesday September 07, 2022 @09:15AM (#32750121)
> ship 20mt of metal in containers

containers vary a lot in their construction and materials, right? open-top railway car containers are not the same as common trans-continental containers, and refrigerated units are different again. All of those and more are in daily use in vast numbers, worldwide.

[ Parent | on HN ]
Re:Ocean shipping rates have plunged 60% this year by thrown_22 on Wednesday September 07, 2022 @09:33AM (#32750357)
20,000 kg of steel is ~3m^3. That leaves rather a lot of the 30m^3 volume of a 20 foot container empty.
[ Parent | on HN ]