“Zombie Ships” – Why Global Shipping Is Even Worse Than The Baltic Dry Suggests

by Tyler Durden
ZeroHedge.com
01/26/2016

One glance at The Baltic Dry Index’s collapse is all that most need to see the painful state of the global shipping industry. However, as gCaptain reports, reality is even worse as the boom in so-called “zombie ships” suggests there is no recovery in sight for the beleaguered containership charter market, which is facing its biggest crisis since the 2008 financial crash.

The Rest…HERE

This entry was posted on Tuesday, January 26th, 2016 at 2:23 pm and is filed under Economics, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.