@paulg @typesfast @steve_hanke well also because most of the things usually leave from Hong Kong. Not sure if that's included.
I was alarmed by this and asked @typesfast. He said the main cause is simply an oversupply of container shipping.https://twitter.com/steve_hanke/status/663363609079083009 …
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@paulg@typesfast Looks like MAERSK chart this year.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@kapelianis@paulg@typesfast@IvanTheK It's a bit of both. There is a shipping oversupply. There is also a global trade slowdown. - Show replies
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@paulg Everyone who works in the freight industry expected this to happen. Chinese smart as hell, organised it perfectly for 20 yrsThanks. Twitter will use this to make your timeline better. UndoUndo
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@ghshephard
@paulg@typesfast except one is bad for the global economy (decreased exports) and one is good (abundant shipping capacity)Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg@typesfast New shipments: http://www.marinelink.com/news/container-shipping399117.aspx …. + lower demolitions because scrap steel price is down https://www.arscars.com/wp-content/uploads/2015/05/ars_avg_price_of_crushed_auto_bodies_2012_may2015.png …Thanks. Twitter will use this to make your timeline better. UndoUndo
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@typesfast I'm not into this industry, just we Greeks have lots of cargo ships so everyone has a friend who is captain
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