From: http://harveyorgan.blogspot.com/
Harvey this is a reply I received from a friend in Europe to forwarding this on ...
“The Baltic indicators are real. It WILL get much worse. Hundreds of tankers and ship are sitting rotting off Gibraltar without charters. Next year will get much worse. Only LNG tankers are strong. Freight is a disaster. Ships are running at a loss now. The world is full of distressed Ship Sellers.
It will all get worse as economies cut back. Watch the dips then. I recently stood on the Gibraltar rock and looked down at disaster. Its like Pearl Harbour. A real mess. “
On 10-12-22 10:19 PM, "Harvey Organ" <harveyorgan@rogers.com> wrote:
Baltic Dry Free Fall Accelerates
cid:3375942991_111624
Submitted by Tyler Durden <http://www.zerohedge.com/users/tyler-durden> on 12/22/2010 09:35 -0500
· Baltic Dry <http://www.zerohedge.com/taxonomy_vtn/term/309>
FWIW
Harvey this is a reply I received from a friend in Europe to forwarding this on ...
“The Baltic indicators are real. It WILL get much worse. Hundreds of tankers and ship are sitting rotting off Gibraltar without charters. Next year will get much worse. Only LNG tankers are strong. Freight is a disaster. Ships are running at a loss now. The world is full of distressed Ship Sellers.
It will all get worse as economies cut back. Watch the dips then. I recently stood on the Gibraltar rock and looked down at disaster. Its like Pearl Harbour. A real mess. “
On 10-12-22 10:19 PM, "Harvey Organ" <harveyorgan@rogers.com> wrote:
Baltic Dry Free Fall Accelerates
cid:3375942991_111624
Submitted by Tyler Durden <http://www.zerohedge.com/users/tyler-durden> on 12/22/2010 09:35 -0500
· Baltic Dry <http://www.zerohedge.com/taxonomy_vtn/term/309>
FWIW
