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.



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