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Supply Squeeze

The World’s Shippers Are Earning the Most Money Since 2008

  • Clarkson index of shipping costs has reached 13-year high
  • Container ships, bulkers, car carriers all earning fortunes
Operations At Jakarta's Tanjung Priok Port Ahead of Trade Figures
Photographer: Dimas Ardian/Bloomberg

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The global shipping industry is getting its biggest payday since 2008 as the combination of booming demand for goods and a global supply chain that’s collapsing under the weight of Covid-19 drives freight prices ever higher.