Supply-chain bottlenecks are clogging ports in California, but also skyrocketing costs to ship goods and rent sea containers ahead of holiday shopping season.
Supply-chain bottlenecks have been clogging U.S. ports for months, leaving tens of thousands of shipping containers on cargo ships languishing off the Southern California coast.
“The bigger concern I have is that everything we are taking about is a supply-chain issue,” Talmadge said, pointing to container-lease companies that dramatically ramped up borrowing during the pandemic, often with an eye to invest in more containers to solve temporary bottlenecks and snarled supply routes.
The niche container-backed bond market has seen about $12.4 billion of new issuance since the start of 2020, or more volume than the six prior years combined, according to bond tracking platform Finsight. A Container’s Life Shipping containers can be assembled fast, often as quickly as six to eight weeks, and usually have a 15-year life cycle, whereas building a new ship to catch an economic upswing can take years and miss the boom.
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