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golfin

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golfin

Re: None

Friday, 09/18/2009 8:12:48 AM

Friday, September 18, 2009 8:12:48 AM

Post# of 51805
Shipping photos...interesting.

http://www.zerohedge.com/article/thousands-rusting-ship-hulls-are-fitting-tribute-speculative-market-bubble

I heard on Bloomberg radio that day rates for shippers were under $10K/day now...under the average cost of operation for the vessel.

At the height of the real estate bubble...they were commanding $300K/day.
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