[TheZMan]

Thank God. Something which wasn’t “too big to fail”.

[hinckley buzzard]

Obviously the shipping interests see no green shoots on our shores.

[blam]

The Baltic Dry Index Is Collapsing

[John.Galt2012]

No more need for all those ships to bring cheap plastic Chinese crap across the ocean? Wonder what effect this will have on Asian economy in 2010???

[Maine Mariner]

Yes, but are not several new container ships due out this year with a capacity of about 15,000 TEU’s? I understand plans
have been made to construct ships with 20,000 TEU’s.

[Charles Martel]

I guess those huge, primitive ship-breaking yards in India and China are busy once again. Saw a video on YouTube about those places - they simply run the ships aground, then start hacking off pieces until what remains is light enough to be winched up on "dry land" for the coup de grace. Some of the most highly polluted land on the planet, those beaches. Makes the average EPA Superfund clean-up site look pristine.

I'll bet most of the eco-nazis haven't the faintest clue.

[Steely Tom]

I wonder what happens to the engines from those scrapped ships?

[J Edgar]

Why don’t they use them as convey escorts or decoys in pirate infested waters?

Having emitted this half-thought - this is the real indicator of Global economic health no matter what pundits say - IMHO