September 22, 2021

The Catholic Transcript

Complete News World

How one of the biggest shipping crises in history could affect your pocket

How one of the biggest shipping crises in history could affect your pocket

  • Cecilia Baria
  • BBC News World

attributed to him, Getty Images

Illustrative image,

The global shipping crisis is so severe that you may end up paying exorbitant prices to get your Christmas gifts

The cost of importing products from China has risen to unimaginable levels.

“If you were paying $2,000 to move a container from China to the West Coast of the United States, now you have to pay $20,000,” explains Teddy Heinsen, president of the Dominican Republic Shipowners Association.

“It’s very difficult,” he told BBC Mundo, the BBC’s Hispanic service.

Behind the astonishing increase in the value of sea freight is the so-called “container crisis”, that is, an extraordinary shortage of space available to transport goods from Asia to the West.