@paulg @typesfast @steve_hanke well also because most of the things usually leave from Hong Kong. Not sure if that's included.
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@alizhd@paulg@steve_hanke actually Shanghai has more volume. Not sure if this index includes HK but prices are pretty much the same
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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 yrs -
@isiyfa what did the Chinese organize perfectly? -
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@isiyfa would've happened without cheap financing. New ships are so much more efficient that carriers have no choice but to invest -
@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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@kapelianis@paulg@typesfast@IvanTheK It's a bit of both. There is a shipping oversupply. There is also a global trade slowdown. -
@Frances_Coppola@kapelianis@paulg@typesfast@IvanTheK just check the fresh china trade data... - End of conversation
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@paulg@typesfast Isn’t that an economic tautology? -
@ghshephard@paulg@typesfast except one is bad for the global economy (decreased exports) and one is good (abundant shipping capacity) -
@flexport@paulg@typesfast Moeller-Maersk (shipping) reports that trade is weaker than IMF forecast. So, demand/supply problems. Yikes.
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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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@paulg@typesfast Looks like MAERSK chart this year.Thanks. Twitter will use this to make your timeline better. UndoUndo
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