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Why Is Global Shipping Slowing Down So Dramatically?

 
Anonymous Coward
User ID: 1516551
Canada
02/09/2012 12:08 PM
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Why Is Global Shipping Slowing Down So Dramatically?
And right now, global shipping is slowing way, way down.

In fact, recently there have been reports of negative shipping rates.

According to a recent Bloomberg article, one company recently booked a ship at the ridiculous rate of negative $2,000 a day....



Asian shipping is really slowing down as well. The following comes from a recent article in the Telegraph....

Shanghai shipping volumes contracted sharply in January as Europe's debt crisis curbed demand for Asian goods, stoking fresh doubts about the strength of the Chinese economy.

[link to theeconomiccollapseblog.com]
BRIEF

User ID: 381742
United States
02/09/2012 12:09 PM

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Re: Why Is Global Shipping Slowing Down So Dramatically?
Nobody has any money, and the few that do are not spending it :)
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
Anonymous Coward
User ID: 1467479
United States
02/09/2012 12:11 PM
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Re: Why Is Global Shipping Slowing Down So Dramatically?
wages, benefits, not keeping up with inflation, so less money for asian shit.
Anonymous Coward (OP)
User ID: 1516551
Canada
02/09/2012 12:13 PM
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Re: Why Is Global Shipping Slowing Down So Dramatically?
So don't believe all the recent hype about an "economic recovery". Europe is heading into a recession, Asia is slowing down and the U.S. will not be immune.

Despite what you hear from the mainstream media, the truth is that the U.S. economy is not improving and incredibly tough times are ahead.

Thankfully, those of us that are aware of what is happening can make preparations for the economic storm that is coming.

Others will not be so fortunate.
Anonymous Coward
User ID: 331367
Austria
02/09/2012 12:28 PM
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Re: Why Is Global Shipping Slowing Down So Dramatically?
wages, benefits, not keeping up with inflation, so less money for asian shit.
 Quoting: Anonymous Coward 1467479


My mother called me today pretty desperate .. the first time ever they were sent home from work .. she is two years from retirement, never happened before at her workplace, she is very afraid as she still needs the money and the two years to reach the necessary retirement years.

One of my friends runs the local corner shop, he already has laid off 2 of his 4 employees and in my job our exports (mostly eastern europe) are .. "collapsing"

So much for the recovery in europe.
Anonymous Coward
User ID: 1494996
United States
02/09/2012 12:30 PM
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Re: Why Is Global Shipping Slowing Down So Dramatically?
No recovery, decline in progress.
Know your neighbors.
Love.
Anonymous Coward (OP)
User ID: 1516551
Canada
02/09/2012 01:09 PM
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Re: Why Is Global Shipping Slowing Down So Dramatically?
wages, benefits, not keeping up with inflation, so less money for asian shit.
 Quoting: Anonymous Coward 1467479


My mother called me today pretty desperate .. the first time ever they were sent home from work .. she is two years from retirement, never happened before at her workplace, she is very afraid as she still needs the money and the two years to reach the necessary retirement years.

One of my friends runs the local corner shop, he already has laid off 2 of his 4 employees and in my job our exports (mostly eastern europe) are .. "collapsing"

So much for the recovery in europe
 Quoting: Anonymous Coward 331367


Its terrible to hear of some many in such financial straights
and worrying about the future. Loving and caring for each other the best way they can but many maybe sharing what they have to get by.
Sedi

User ID: 1552632
United States
02/09/2012 01:23 PM
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Re: Why Is Global Shipping Slowing Down So Dramatically?
As a business owner i'm putting a full halt on expansions for the next few months, if not the entire year. Last year was actually very good and all debts paid off in full. Had a great opportunity which would put me in some pretty heavy shackles and the upside would be incredibly lucrative. Of course this is based on a good economy. I'm glad i decided against it cause all of a sudden, sales have skidded to a halt.

Commence puckering.
Anonymous Coward
User ID: 9658935
United States
02/09/2012 02:20 PM
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Re: Why Is Global Shipping Slowing Down So Dramatically?
As a business owner i'm putting a full halt on expansions for the next few months, if not the entire year. Last year was actually very good and all debts paid off in full. Had a great opportunity which would put me in some pretty heavy shackles and the upside would be incredibly lucrative. Of course this is based on a good economy. I'm glad i decided against it cause all of a sudden, sales have skidded to a halt.

Commence puckering.
 Quoting: Sedi


But why have sales stopped?

This is something the Insiders can't control - I mean, there is still, basically, the same amount of money in the economy as, lets say, last August, so, why all of a sudden the dearth?

Curious...





GLP