Well, we’ve been dealing with this for a while now, but the headlines haven’t changed…
Ships aren’t moving, and as Christmas gets closer, it’s becoming more and more of a problem.
And if we want to be realistic about how long it takes to unload and move the containers to a warehouse then get those goods processed and out to customers, I see it unlikely that anything on those ships arrives to your door before Christmas (unless you live in the general vicinity of a port and the warehouse happens to be close, too).
This is why it’s foolish to look at inflation as if it’s created by any one problem.
But let’s talk through it a bit.
Don’t Get Caught in the Crash! Come to My 1:30 Class!
The Marine Exchange of Southern California is working on some changes, but they might not thrill anybody.
They’ve changed their queueing system from a first-come, first-serve basis to something based on “calculated time of arrival.”
This has had the effect of reducing the number of ships close to port, but not really reducing the number of ships overall. In fact, as the headline suggests, we’re near all-time records.
The changes weren’t made primarily to reduce the number of ships at port, but to improve safety and air quality.
That’s a noble goal, in its own right, but it’s not going to make anxious folks very happy, and it’s not going to help shipping logjams.
In the meantime, I suppose we just have to be patient.
One more thing before we go — do you ever think about shipping companies that are publicly traded?
One to keep in mind is Danaos (DAC):
I don’t claim this is a stock I watch super closely. Looks like it moves up and down pretty quickly.
Price volatility is one of the things that gives you an opportunity to make a trade from a chart.
If it’s one you’re interested in learning more about, come out to one of my Tuesday webinars and ask about it! I’ll be happy to take a look!
Hope you’re having a good week so far!,
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