Petersen: 2016 ocean freight rates hit historic low of $600/container
Ryan Petersen · E82: All-In Summit: Claire Cormier Thielke on China + Q&A with Flexport's Ryan Petersen · May 24, 2022 · at 35:46
Flexport CEO Ryan Petersen gives a historical overview of volatility in the ocean freight shipping market at the All-In Summit.
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“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.”
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