What depresses me about this forum is not one of you knows the relationship between the technology of the market (these wunderkind ships) and the market itself.
The Baltic Dry index crashed, hard, in 2008[1]. (There are many reasons for this apart from the global economic crash - a lot of over-production, a lot of ships coming off-line but with replacements that needed extended loans that were put into question by the crash, extremely dodgy business practices in Greece and so on). It had a terrible year in 2012[2]. And 2014 doesn't look much better[3].
I'd urge you to look at the figures, then work out just how well global trade is doing. Hint: paper over cracks.
What depresses me about this forum is not one of you knows the relationship between the technology of the market (these wunderkind ships) and the market itself.
The Baltic Dry index crashed, hard, in 2008[1]. (There are many reasons for this apart from the global economic crash - a lot of over-production, a lot of ships coming off-line but with replacements that needed extended loans that were put into question by the crash, extremely dodgy business practices in Greece and so on). It had a terrible year in 2012[2]. And 2014 doesn't look much better[3].
I'd urge you to look at the figures, then work out just how well global trade is doing. Hint: paper over cracks.
[1]https://en.wikipedia.org/wiki/Baltic_Dry_Index [2]http://www.theguardian.com/business/economics-blog/2012/feb/... [3]http://www.bloomberg.com/quote/BDIY:IND