Foreign container lines were widely blamed for stratospheric freight rates during the supply chain crisis. President Joe Biden proclaimed last June he was “viscerally angry” at the “rip-off,” clenching his fist and saying he felt like “popping someone,” presumably a foreign container-line executive.
As the shipping lines took the heat for raking in billions amid the pandemic, another group of foreign-owned container shipping companies quietly raked in record sums outside the publicity glare: the...
https://www.freightwaves.com/news/covid-boom-not-over-yet-for-landlords-of-shipping-lines