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Deep Waters: Container ships

The Documentary Podcast

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The Supply Crisis and the Cost of Living

Since the middle of 2022, there's been a very, very sharp drop in global container trade. The rate that you're now paying to get your container imported from the far east is now pretty much back to where it would have been in 2019. So it's almost as if that whole period didn't happen. It was a crazy fever dream. Freight rates have fallen so fast, some say this is the biggest shipping slump in years.

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