(The Economist quote about the shipping glut)

March 30, 2009

“Like unwelcome guests who will not leave, 453 container ships, 11% of global capacity, now float outside the harbours of Hong Kong, Singapore and other Southeast Asian ports.”

–The Economist, March 28th 2009, page 74

(Which means, let me point out, that if ParaTow can be made to Really Work, there’s a killer opportunity here for buying up shipping at highway robbery prices and converting it into a competitive cost structure.   –Craig)

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