tag:blogger.com,1999:blog-6616959642391988608.post4825618150330280736..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Another look at shippingScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6616959642391988608.post-21302817942303549822009-06-23T09:45:33.152-07:002009-06-23T09:45:33.152-07:00I do not disagree that we have seen the worst for ...I do not disagree that we have seen the worst for now, however, in terms of global recovery and the fragility of the system, I am much more tepid in my beliefs than you.Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-36403241471428468612009-06-23T09:10:39.508-07:002009-06-23T09:10:39.508-07:00From everything that I have seen to date on shippi...From everything that I have seen to date on shipping, this sums it up best (from Macquarie Research, June 23): "TEU volumes stabilizing, 16.6% YOY." (TEU refers to the number of containers)<br /><br />Global shipping volumes are down sharply from a year ago, but they are no longer declining on a month to month basis. Some measures (such as the Ports of LA and Long Beach) are actually Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-46009802094403834982009-06-23T08:32:02.518-07:002009-06-23T08:32:02.518-07:00Here is an update from Maersk. Shipments not looki...Here is an update from Maersk. Shipments not looking good for 2009/10. <br /><br />http://www.bloomberg.com/apps/news?pid=20601087&sid=a4OBy_tBbXbUPublic Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-89347764438999936432009-06-21T18:53:11.186-07:002009-06-21T18:53:11.186-07:00Scott, My understanding is this is equivalent to a...Scott, My understanding is this is equivalent to about a 20% drop in volume. But despite the naysayers this is not a catastrophe. Only about a third of the GDP is shipped. Of course GDP is down about 4% or so right now.Mark A. Sadowskihttps://www.blogger.com/profile/13147923641894915172noreply@blogger.com