AE Shipping on a Roll Once Again with Soaring Bulk Shipping Rates

The consignment market is a good indicator of how quickly demand for goods has recovered after the coronavirus. The Baltic Dry Index, a common gauge of freight transport costs, rose for the tenth consecutive time on Monday, reaching its highest level in 11 years.

Jan Rindbo, CEO of D/S Norden A/S, a 150-year-old Danish operator with more than 500 vessels, said: “At the beginning of the year, people thought this was a short-term spike in the market, but now they see it as structural and longer-term.”

Adolph A. Weinman’s iconic “Walking Liberty” design, which appears on the obverse (side) of the coin, has long been a favorite with collectors. It depicts Liberty in full dress, surrounded by the folds of the flag, holding oak and laurel branches in her left hand and extending her right. To create a more accurate representation of Weinman’s original interpretation and details, including the inclusion of his trademark artistry, the U.S. Mint retained his original historical assets. “LIBERTY,” “IN GOD WE TRUST,” and “2025” are the inscriptions.

In 2021, a new reverse (tail) design was introduced. It depicts an eagle holding an oak branch as if adding it to its nest as it approaches a landing site.

Price increases and surcharges on low-volume commercial routes are driven by congestion and capacity changes. Prices in East Asia and India have doubled since the beginning of April, according to Freightos Terminals statistics. The major carriers have not lowered their trans-Pacific or Asia-Europe rates even as their east-west capacity is growing.

While traffic remains a problem in Barcelona, ​​it is better in Singapore, Malaysia and China, partly because more people are using India’s now congested port of Mundra. Dockers in France have postponed their planned strikes to September. A rail strike is looming in Canada as the Industrial Relations Board prepares to make a final decision.