Busiest US container port complex warns of industry ‘crisis’ over supply chain

IKEA and Costco (amongst others) have chartered entire ships in order to secure shipping slots. A few weeks back there was a "Ask HN" posted about how to set up a shipping company. Shipyards are back-logged with orders for container ships. Shipping rates are through the roof.

My biggest concern is that when the bubble bursts (i.e. the global backlog is processed) that there will be a hella lot of insolvencies which will lead to cancelled orders (for container ships) which will lead to lay-offs as shipping prices crash.

Sometimes 'The Market' makes no sense to me, Sometimes it makes me SMH. Other times, it makes me weep.