Thursday, 7 December 2006

the state of shipping

shipping is experiencing heady days...especially the crews...new ships are being built by the score and owners are rushing to find the crews to man them...phew, greedy ship crewmen are having a field day..demanding and getting approval for higher wages every day...why, some of the captains make more than the software geeks in America do....but beware my dear chaps the bottom is around the corner...shipowners are being stranded with ships at anchor for a month even more...the reason ?? No cargo to fill their ships....too many ships being built and chasing the same amount of cargo ...and still the building doesn't stop....u can only imagine the consequences....

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