Anyone want to take a stab at how
much it costs for a Transpacific modern container cargo vessel to make the 14 day journey from China to the US west coast at current fuel costs?
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I've had a few so sure: 750000.
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Well I need to leave for home so here it goes. oil prices topped US$119 per barrel this week, in turn pushing marine bunker fuel prices up past $552 per ton. at $552 per ton, with fuel consumption at 217 tons per day, and a 14 day voyage, a single round trip voyage for this one vessel would produce a fuel bill of $3,353,952. So when you start seeing your "made in China" products rising this is me passing on our fuel costs to you since the shipping lines are passing it to us. |
Made in China?
I've resolved to buy American, dammit. At least I'll give it a try. |
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Interestingly, the increase in transportation costs could lead to an increase in the advantage of American manufacturers. This could result in a number of beneficial (if only temporary) shifts in the market for domestic goods. |
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don't forget the weak dollar, that is pushing up the price of both imports and oil. (which ChinoCoug says is economically beneficial for the average American).
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Buying American because you want to send a political message about Tibet is understandable. Buying American because you want to financially support American companies is an old way of thinking that shows complete lack of understanding of the global economy. |
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