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The cost of shipping items by ocean, or the number of items shipped by ocean? Ah, English...



I would guess that a 60% reduction in ocean freight volume could only be the result of the worst global depression since the industrial revolution.

I got curious:

Year | Billions of tons

2020 | 10.65

2019 | 11.07

2018 | 11.02

~~~

2010 | 8.4

2009 | 7.86

2008 | 8.23


> Freight rates on the main ocean trade routes are sinking during what is typically the industry’s peak season after cargo owners shipped holiday goods early and inflation dented consumer demand.


Even this doesn't disambiguate. The answer is that it's about the cost of shipping:

> The cost to ship a 40-foot container from China to the U.S. West Coast now stands around $5,400 a box, down 60% from January, according to the Freightos Baltic Index.




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