Global Shipping Meltdown Mauls German Banks, Retail Investors, Taxpayers by Wolf Richter • Feb 10, 2017 • 21 Comments Germany holds 25% of global shipping loans as industry collapses.
World’s Largest Container Carrier “Unexpectedly” Has Big Loss in Crushed Industry. Now Trade War with China Looms by Wolf Richter • Feb 8, 2017 • 26 Comments It “would have a very negative effect on our business”: Maersk CEO
What the Heck Happened to Hanjin’s Ships and the Collapsed Freight Rates? by Wolf Richter • Jan 30, 2017 • 36 Comments Bankruptcy reveals “opaque ownership.” And freight rates surge.
Shipbuilding in Japan, Korea, China Collapses in Death Spiral of Orders by Wolf Richter • Nov 24, 2016 • 54 Comments “Worse than the one following the Global Financial Crisis.”
Boone Pickens on Natural Gas: It’s the Way to Defeat OPEC by Oilprice.com • Nov 7, 2016 • 55 Comments He put his money where his mouth is.
Bitter Irony: San Francisco, Los Angeles, San Jose have the Worst Roads in America, Worse even than Detroit by Wolf Richter • Nov 6, 2016 • 89 Comments But the roads in much of the nation are in terrible shape too.
Done in by Overcapacity, Stagnant World Trade, and China, Korean Shipbuilders Collapse on Top of Taxpayers by Wolf Richter • Nov 1, 2016 • 48 Comments Orders plunge 87% from an already terrible 2015.
US Freight Volume Drops to Lowest Level since 2009, “Industrial Recession” Hits Full Stride, Overcapacity Crushes Rates by Wolf Richter • Oct 19, 2016 • 36 Comments “We’ve been patiently waiting for the consumer.”
It Starts: Shutdowns, Production Cuts, Layoffs at Auto Plants by Wolf Richter • Oct 17, 2016 • 47 Comments “We continue to match production with demand”: Ford
Rail Freight Gets Clocked from all Sides in this Economy by Wolf Richter • Oct 12, 2016 • 48 Comments This hasn’t happened since the Financial Crisis.
