Gigantic Purple Slug Posted January 16, 2016 Share Posted January 16, 2016 http://www.dailymail.co.uk/money/markets/article-3401567/Key-barometer-world-trade-crashes-record-low-worrying-sign-global-economy-grinding-halt.html Shoeshine moment ? Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted January 17, 2016 Author Share Posted January 17, 2016 http://www.dailymail.co.uk/money/markets/article-3401567/Key-barometer-world-trade-crashes-record-low-worrying-sign-global-economy-grinding-halt.html Shoeshine moment ? Finally in the mainstream. Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted January 17, 2016 Share Posted January 17, 2016 http://www.dailymail.co.uk/money/markets/article-3401567/Key-barometer-world-trade-crashes-record-low-worrying-sign-global-economy-grinding-halt.html Shoeshine moment ? They've been reading hpc again... even bothered to put in a HeilTube link. The Kardassians can't be wearing anything different this week Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted January 17, 2016 Share Posted January 17, 2016 One day soon there will just be one giant cargo ship solely sailing the world's oceans bringing presents for every girl and boy. It will be called the 'Santa Claus' or whatever the Chinese spelling of that is. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 18, 2016 Share Posted January 18, 2016 One day soon there will just be one giant cargo ship solely sailing the world's oceans bringing presents for every girl and boy. It will be called the 'Santa Claus' or whatever the Chinese spelling of that is. "Dun Che Lao Ren" Quote Link to comment Share on other sites More sharing options...
Errol Posted January 18, 2016 Share Posted January 18, 2016 Doesn't quite have the same ring to it, somehow. Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted January 19, 2016 Author Share Posted January 19, 2016 Down again, 373 to 369. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted January 19, 2016 Share Posted January 19, 2016 Zombie ships send maritime freight into worst crisis in living memory Cheap debt, China's slowdown, and a glut of ships have seen the Baltic Dry Index plummet, writes John Ficenec Quote Link to comment Share on other sites More sharing options...
thewig Posted January 19, 2016 Share Posted January 19, 2016 Zombie ships send maritime freight into worst crisis in living memory Cheap debt, China's slowdown, and a glut of ships have seen the Baltic Dry Index plummet, writes John Ficenec Zombie ships set sail“What is damaging shipping is a zombie fleet, which accepts freight at maverick prices just to keep going,” said Mr Kidwell. A zombie ship is one that can just about repay interest on its debts, but has no hope of repaying the capital. what else could this be applied to I wonder... Quote Link to comment Share on other sites More sharing options...
Silverfinger Posted January 19, 2016 Share Posted January 19, 2016 Zombie ships set sail“What is damaging shipping is a zombie fleet, which accepts freight at maverick prices just to keep going,” said Mr Kidwell. A zombie ship is one that can just about repay interest on its debts, but has no hope of repaying the capital. what else could this be applied to I wonder... Sounds like a Minsky moment for ships, no? Quote Link to comment Share on other sites More sharing options...
sleepwello'nights Posted January 19, 2016 Share Posted January 19, 2016 One day soon there will just be one giant cargo ship solely sailing the world's oceans bringing presents for every girl and boy. It will be called the 'Santa Claus' or whatever the Chinese spelling of that is. Let's hope its got loads of tin foil hats. Quote Link to comment Share on other sites More sharing options...
Silverfinger Posted January 19, 2016 Share Posted January 19, 2016 A zombie ship BTL landlord is one that can just about repay interest on its debts, but has no hope of repaying the capital. Ok, I needed to do it. Quote Link to comment Share on other sites More sharing options...
moonriver Posted January 19, 2016 Share Posted January 19, 2016 Being discussed on Newsnight right now. (BBC2) Quote Link to comment Share on other sites More sharing options...
EssKay Posted January 19, 2016 Share Posted January 19, 2016 Watching the Newsnight piece now- what a bunch of clowns. Apparently the problem is down to a lack of demand due to people being overly cautious. Nothing to do with the debt load and lack of spending power of western consumers eh? Quote Link to comment Share on other sites More sharing options...
tinker Posted January 19, 2016 Share Posted January 19, 2016 Media commentators are part of the problem, because the truth isn't very pleasant. Telling the want to make China more of a consumer society - better get used to lots of personal debt, Obviously, having exported our manufacturing, we've maxed out the credit cards. Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted January 20, 2016 Author Share Posted January 20, 2016 Oooops....down again, now at 363. Quote Link to comment Share on other sites More sharing options...
Siggison Posted January 20, 2016 Share Posted January 20, 2016 Just to back up the BDI numbers, I was lucky to be sailing on the Solent last Friday and it was noticeable the distinct lack of cargo ship traffic throughout the day. I only noticed one car transporter and a very small LPG ship. Normally you'd be on the watch for multiple ship movements from/to Southampton Water. Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted January 20, 2016 Share Posted January 20, 2016 Watching the Newsnight piece now- what a bunch of clowns. Apparently the problem is down to a lack of demand due to people being overly cautious. Nothing to do with the debt load and lack of spending power of western consumers eh? Typical 1%ers thinking only about their own concerns. The vast majority have little choice about their consumption, and are not 'cautious' about anything. Quote Link to comment Share on other sites More sharing options...
Gigantic Purple Slug Posted January 20, 2016 Share Posted January 20, 2016 Just to back up the BDI numbers, I was lucky to be sailing on the Solent last Friday and it was noticeable the distinct lack of cargo ship traffic throughout the day. I only noticed one car transporter and a very small LPG ship. Normally you'd be on the watch for multiple ship movements from/to Southampton Water. They should give up on that expensive compilation of global shipping volumes and just phone up some guy on a booze cruise to give his assessment from the top deck. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted January 20, 2016 Share Posted January 20, 2016 It Is Now Cheaper To Rent A Dry Bulk Tanker Than A Ferrari Quote Link to comment Share on other sites More sharing options...
Gigantic Purple Slug Posted January 20, 2016 Share Posted January 20, 2016 It Is Now Cheaper To Rent A Dry Bulk Tanker Than A Ferrari I thought this was quite interesting : http://www.progressive-economy.org/trade_facts/world-container-fleet-capacity-has-nearly-doubled-since-president-obama-took-office/ Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted January 21, 2016 Author Share Posted January 21, 2016 Down again to 358. Quote Link to comment Share on other sites More sharing options...
MississippiJohnHurt Posted January 21, 2016 Share Posted January 21, 2016 It Is Now Cheaper To Rent A Dry Bulk Tanker Than A Ferrari If it goes on like this, I might buy one , park it on the Thames somewhere and put some twigs in a vase in the captain's quarters. As soon as it was a London house it would magically increase in value by 50%, for no apparent reason. Gravy. Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted January 22, 2016 Share Posted January 22, 2016 http://www.telegraph.co.uk/finance/12108453/Zombie-ships-send-maritime-freight-into-worst-crisis-in-living-memory.html Meanwhile, the banks that provided the debt won’t pull the plug as they would be forced to recognise the losses. Instead, they accept that they won’t have debt service, and are forced to wait and see if the ship owner can survive until the market recovers. At some point in the future they might be able to sell the vessel at a better price. sound familiar? Banks are the robber barons of our age. Same story with their oil investments, too. Guess its a when, not if, we'll be bailing the banks out in months, not years. Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted January 22, 2016 Author Share Posted January 22, 2016 BDIY Down again but by less....355 now. Quote Link to comment Share on other sites More sharing options...
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