Wtf?


#1

From Maritime Reporter 1/13/09:

According to a report from The Economic Times, Evergreen Marine has plans to spend $5.5b to build 100 container ships before the anticipated recovery of the global economy in 2012. The company plans to go for some 30 ships in the 8,000 TEU category, 40 ships in 5,500 TEU, 10 ships in 3,900 TEU, and 20 ships in 2,800 TEU…

And in the same issue…

A sharp contraction in world trade has idled more than 200 container ships, threatening the survival of many companies, according to The Journal of Commerce.The slump in container shipping appears certain to extend into 2010 or beyond…