Friday, June 24, 2011

Betting On Global Trade Rebound

iStock/Thinkstock
If Maersk, the world's largest container-shipping line, is ordering ten huge container ships valued at $5.7 billion from South Korean Daewoo Shipbuilding and Marine Engineering Co. with a delivery date of 2014 -- that can only be good news for global traders!

Read more (NYTimes.com):
Maersk Line to Buy 10 New Ships, With an Option for 20 More
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Posted by Laurel Delaney at 6/24/2011 04:58:00 AM

1 comment:

Alan Coffey said...

The price to ship a container to China should drop to new levels once oil prices sort themselves out. I am on the East Coast of America and we can ship dirt cheap.

Eventually, the price will make it worth shipping something other than Japanese cars to China from USA! (Yes, cars are being made in Japan, shipped to USA, sent accross the continent, shipped to China and sold AT A PROFIT!)

2:50 PM

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