Ocean Freight
topic on 5 shows · 7 statements across 6 episodes
the Y Combinator Startup Podcast 
Big Technology 
All-In 
TBPN 
20VC
7 statements about Ocean Freight, every show
Petersen: Ocean Freight in 2016 Was the Cheapest in Human History
“In 2016, we had the cheapest ocean freight in human history. Oh. It was actually a glut of capacity. It was the opposite problem as now, but one of the Korean ocean carrier, Hanjin, went bankrupt that year.”
Petersen: China-to-US ocean freight bookings have dropped 60%
“Yeah, it's a little bit, so like, so you've had a 60% decline in bookings of ocean freight from China to the US. That's resulted in a 25% decline of sailings.”
Petersen: 28% of Flexport customers paused all ocean freight in April
“We did on Friday, a call down for, I mean, we didn't get in touch with all of our customers, but we call a lot of customers on Friday and they, 28% of them told us that they're pausing all their ocean freight.”
Petersen: April 17 fees on Chinese-made ships will disrupt ocean freight
“We have on April 17th, no one's talking about it right now, but they're in 10 days, they're going to impose fees on ships made in China when they make a port call in the US. It's going to totally rearrange the shipping networks and make ocean freight incredibl…”
Petersen: Shipping Fiji water emits less carbon than trucking from Rockies
“Shipping it from Fiji to the west coast of the United States emits way less carbon than running a truck from the Rocky Mountains to the west coast.”
Petersen: 2016 ocean freight rates hit historic low of $600/container
“In 2016, there was so much excess capacity of ocean shipping, oh, so many extra ships were purchased, that the price of ocean freight hit the lowest in all of human history. It was like, 600 dollars to ship a container.”