"Ship operating costs have soared by up to 773%! There has been a massive surge in the costs of operating a ship. Ship chartering costs have surged by up to 773% since late May 2020. Marine fuel costs have near tripled from USD$155.5 / tonne in April 2020 to US$435.5 / tonne now. The one-day cost of operating a 4,250-box ship (a size that typically calls in Australia) has blown out from about US$30,200 per day in mid-June 2020 to about US$151,400 a day now. That’s a 400% increase!"
https://www.shippingaustralia.com.au/ship-operating-costs-up-773-demand-up-supply-up-congestion-up-shipper-propaganda-up/#:~:text=Ship%20operating%20costs%20have%20soared,to%20US%24435.5%20%2F%20tonne%20now.
Bell Potters proxy port data. Trouble is a2 airfreights all its infant formula, page-32
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