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J Mintzmyer Returns

The Business Brew

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What's Going on With the Congestion?

The congestion factor is indeed true. We're 30 or forty % above where we should be normally, in regard original question, bill, who gets paid? The ship chartering companies, the ownering companyes like tenows court and global ship lease, they get paid regardless. So company im is going to see their volumes go down. And we've already gome. Raty last year had a lot of congestion. However, the congestion also artificially reduces supply, which keeps rates in,. but it keeps rates very strong. It's unequivocally good for box less oars and for ship less ors.

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