Monday, January 04, 2010
Shipbuilding Yards Face Crisis
A previous post, Tanker Glut, discussed the overcapacity in shipping capacity as a manifestation of global economic collapse. A very timely Financial Times article, Yards face closure as orders collapse, describes how shipbuilding yards around the world are going belly-up for lack of orders. It’s just another indicator of how the global trade system and globalization are swiftly declining.