For companies important goods from Southeast Asia, such as Luxor, Trump’s announcement limit was particularly hindered, coinciding with Eid, the holiday celebrated at the end of Ramadan. Initially, Luxor’s attempts to arrange collection did not respond. In some cases, says Berschel, “Factories had lines of trucks in front of them.” But eventually, following the circumstances, the warehouse agreed to prepare the hardware.
“We had to call many people at the supply chain to allow us to pick up,” says him. Arranging a collection for a few days, in the middle of a holiday, would usually be “almost impossible,” she says. “That never happened before this news exploded.”
On April 3, Luxor began applying for a charter aircraft for the $ 12 million, which was large enough to fill a jet. He was set up a camp at the customer’s office, so she was able to directly issue messages from the Freight Fordder, which was negotiating with airporters.
As the day progressed, the quotes for charter aircraft continued to rise. Each time Luxor’s client presented an offer, another party came over the top, and the negotiation cycle resumed. “We had a very short window to make a decision. I don’t think it’s the standard needing to make a multi-million dollar decision in such a short time window,” says him.
By midnight, he went to a final offer of $ 1.76 million, she says. But by the morning of April 4, she claims that the bid was gaze – prices rose to $ 3.5 million. According to Sealion Cargo, prices for some types of air freight peaked at 10 times the regular rate in the first week of April.
Luxor and its client gave up the plan to charter a plane.
Meanwhile, at the freight terminals of some major airports in Southeast Asia, things have begun to crumble.
“It was absolute chaos,” says Berschel, who traveled to Thailand, Malaysia and Singapore to monitor the progress of shipments. “There was so much load at the terminals, to actually get a load through the terminals, through the radiographic scanners, and on the side of the plane was a challenge in itself,” he says.
At Suvarnabhumi airport in Bangkok, Berschel reminds, the construction of Pallet created Logjam. With little available dock space, truckers drove boxes from their vehicles to the airport terminal. Police officers were at the hand to control the swollen crowds. “It was like a concert, but a burden concert,” says Berschel.
In the disorder, even importers who managed to secure passage during departing planes, risked lacking the opportunity to load their load as they struggled to pass the Logjam to the plane. “The possibility of missing a plane, missing a loading window,” says Berschel. “There were so many situations where we were literally minute.”
Airports from Thailand, which manages Suvarnabhumi airport, did not respond to a request for comment.
On April 8, Vlad Siniavsky sat in his office in Montreal waiting for the arrival of his final loads and counting how much money he lost. Siniavsky is the founder of Asicxchange, another Bitcoin Mining Hardware trading company trapped in the tariff scraping.
