that a handful of companies are ditching expensive cargo vessels that rely on fossil fuels and are switching back to good ol' sailing ships.
It's not for the fun of it, either. Russia's ongoing invasion of Ukraine has spiked natural gas and oil prices, and commodities analysis firmthat maritime shipping is responsible for a full 2 to 3 percent of the world's C02 emissions. "We used to pay between seven to 10 cents to ship a pound of coffee on a container bunker-fuel cargo ship," Serge Picard, owner of fair-trade-coffee company Café William, told the pub. "Then, all of a sudden, the world goes completely berserk and the price of shipping by container quintupled for a good period. It's slowly coming back down, but it's actually more expensive and takes more time to ship by container ship.
Whether other industries latch onto the trend and just how long it will last is hard to say, but it's possible your next cup of joe could've traveled the seven seas slo-mo style, just for you.
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Markets solving problems created by governments - it's a BeautifulThing capitalism
Yes! S. M. Was correct.
The ship can carry 82 tons ofcoffee beans. 82 tons*2000lb/ton*$0.10 per pound = $16,400 for the trip. With a 14 person crew that leaves $1,171 per person to cover wages food and supplies.
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Source: MarketWatch - 🏆 3. / 97 Read more »