Thursday, October 9, 2008

Global Economy and Shipping Jobs

A coffee cup downbound passes a container ship upbound, the Westerschelde River


Yikes!

From the post: Will Box Ships Need Bail Out? an article from the New York Times found at Sea Fever

"Last year, the basic price of shipping a large container of goods from Asia to Europe, the world’s busiest route, was $2,800. This week, with demand plunging amid a worsening economy, that price was an unprofitable $700"
.

Bad news for mariners, no cargo, no jobs.

K.C.

No comments: