Also wanted to discuss something...
Toggling through three financial networks last night, I came upon an interview with a very articulate gentleman giving solid perspective on the global shipping situation.
He candidly described Asian harbor traffic as coming to a standstill... harbor traffic limited to consumables such as coal & oil... and spoke of interviews with those Asian's tied to that business activity. The problem? No one can get a letter of credit to move a ship. Money is frozen.
On the flip side, my father has a bird's eye view of the Los Angeles harbor... all the way from San Pedro to Huntington Beach. He says that there are usually 10-25 tankers anchored outside the harbor awaiting entry. This includes oil tankers.
Presently, there are NO tankers anchored outside the port and deliveries by oil tankers are reduced.
That's a bird's eye from both sides of the Pacific. I have no idea what the situation is along the Atlantic or elsewhere.
Back to the point: the commentator said that once the credit freeze lifts and the ships begin to move again, the investing opportunity of a lifetime will be before us.
Because he was in shipping, I can only assume he was either speaking of shipping company's, ship builders, steel, and the like. This would be very interesting to follow.
AI
