The State of the Shipping Markets: In dire straights – Watch out!

Markets — By on October 21, 2013 at 10:32 AM

 

John N. Faraclas

John N. Faraclas

With the BDI down to 1901 points last Friday 18 October 2013 it’s more than evident that we are heading for yet another collapse. Shipping is in a big mess and only few will go through!

Tramp Shipping will become “shipping for the few” and Liner shipping entering a new phase and face this situ will create an upheaval.

The world’s finances are not in place, they are in tatters and Europe will bring in more liabilities to care for – but who will pay the bills (yes in plural).

Shipyards are in a mess worldwide.

 

The above and other matters can be heard in Faraclas’ live video  herebelow ; look forward your written comments…

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