36 Search results

For the term "shanghai containerized freight".
ship economy collapse

Shanghai Containerized Freight Index Plunges to New Low

by Wolf Richter, Wolf Street One of the indicators that show that things are not all that rosy in China, or in the global economy, is the price carriers charge to ship containers from China to its big trading partners around the globe. Those prices have totally collapsed. Two factors are at work: Languishing demand for Chinese manufactured goods around the world; and a growing oversupply of ships to transport these containers (given the languishing demand),...

ship economy collapse

Shanghai Containerized Freight Index Totally Collapses, Top Carriers Wage Price War to Form Global Shipping Oligopoly

by Wolf Richter, Wolf Street This is what two unnamed container shipping executives, one from an Asian carrier, the other from a European carrier, told the Wall Street Journal about the containerized-freight fiasco on the China-Europe route: “We are now shipping at an absolute loss. With the bunker-adjustment-factor surcharge at $300 for Asia-Europe, we are losing more than $50 per box.” “Unless by a miracle demand grows, we are up for heavy losses in the...

economy ship water

Shanghai Containerized Freight Index Collapses: China-US Rates Hit Hard, China-Europe Rates Plunge to All-Time Low

TDC Note – If you have been following my joint venture with Dave Kranzler, Shadow of Truth, you know we have been staying on top of the Baltic Dry Index. Both the BDI and now SCFI are collapsing. This is an indication that global markets are shutting down—nothing coming in, means products are not moving—if products aren’t moving then you have Walmart and Target closing stores. Target announced on April 20 it was closing 133...

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China Ocean Freight Index Collapses to Record Low

by Wolf Richter, Wolf Street Relentless deterioration meets stunning overcapacity. The amount it costs to ship containers from China to ports around the world, a function of the quantity of goods to be shipped and the supply of vessels to ship them, just dropped to a new historic low. The China Containerized Freight Index (CCFI) tracks contractual and spot-market rates for shipping containers from major ports in China to 14 regions around the world. It reflects...

ship economy china collapse

China Freight Index Plunges to Record Low, Bailouts Loom

by Wolf Richter, Wolf Street The next stage of “Moral Hazard?” The amount it costs to ship containers from China to ports around the world has plunged to historic lows. As container carriers are sinking deeper into trouble, whipped by lackluster global demand and rampant oversupply of container ships, they’re escalating a brutal price war with absurd consequences. Maritime research and advisory firm Drewry (emphasis mine): Recent news stories, backed up by anecdotal stories told to Drewry, report that carriers have...

ship economy china collapse

China Containerized Freight Index Crashes to Worst Level Ever

by Wolf Richter, Wolf Street Bad breath of zero-interest-rate era wafts over real economy. To the chagrin of the government, China has one export that is booming: capital flight. Fearing further devaluations of the yuan, a terribly inconvenient crackdown on corruption, political purges, and other mayhem, wealthy Chinese are trying to get part of their money out of harm’s way. Capital outflows tripled to an estimated $113 billion in November from October. To prop up the yuan...

ship economy china collapse

Global Trade In Freefall: China Container Freight At Record Low; U.S. Rail Freight Tumbles, Trucking Slows Down

TDC Note – As we have reported since March 2015 the indications are all in place. These are some of the numbers that can NOT be rigged and the story they tell is one of a global recession/depression. I don’t care what any of the “cheerleaders” say, the numbers don’t–when not manipulated–don’t lie. by The Tyler(s), ZeroHedge Over the past year we have regularly contended that a far greater threat to the global economy than...

ship economy china collapse

China Containerized Freight Index Collapses to Worst Level Ever

by Wolf Richter, Wolf Street A week ago, we pointed out how China’s dropping exports and plunging imports – the “inevitable fallout from China’s unsustainable and poorly executed credit splurge,” according to Thomson Reuters – had collided with long-term bets by the shipping industry that has been counting on majestic endless growth. The industry has been adding capacity in quantum leaps, where “the scramble to order so-called ultra-large container vessels had turned into a stampede,” as the...

ship economy china collapse

Pummeled by Lousy Global Demand and Rampant Overcapacity, China Containerized Freight Index Collapses to Worst Level Ever

by Wolf Richter, Wolf Street Growth of exports from China has been dropping relentlessly, for years. Now this “growth” has actually turned negative. In September, exports were down 3.7% from a year earlier, the “inevitable fallout from China’s unsustainable and poorly executed credit splurge,” as Thomson Reuters’ Alpha Now puts it. Most of these exports are manufactured goods that are shipped by container to the rest of the world. And imports into China – a mix of bulk and containerized freight...

ship economy collapse

Freight Goes to Heck, Now Even in the US

by Wolf Richter, Wolf Street The Dow Jones Transportation index has been warning us: by August 25, it was down 19% year-to-date before bouncing. It’s now off 13%. Not all is well in the transportation sector – and by extension in the global economy. The World Trade Monitor, when I last wrote about it on July 22, painted a very un-rosy picture of global trade by having dropped the most since the Financial Crisis. In granular...

economy ship water

China Containerized Freight Index Collapses

TDC Note – It appears that since Dave and I followed up on Wolf’s report from April the situation has become worse. If no one is shipping hard goods from the worlds manufacturer how can there be a global economy? by Wolf Richter, Wolf Street It could be that Chinese stock market participants have no idea that there is something wrong beneath the officially rosy covers. Or they might already know in granular unofficial detail,...

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John Rubino: A Crisis Unlike We Have Seen In Human History

by Rory, The Daily Coin I sat down with John Rubino, Dollar Collapse, to discuss the current state of our economic world. In a very lively conversation we hit some of the more pressing items of the day. John has done a fantastic job of documenting the demise of the dollar since he co-authored ” The Collapse of the Dollar” with James Turk back in 2004. John’s insights and analysis are top shelf and should be on...

andy hoffman

Andy Hoffman: Financial Armageddon This Year

by Rory, The Daily Coin When people hear the world “armageddon” there are usually certain images the minds eye begins seeing. For each person it is probably little different with one exception. For the most part, there is nothing good associated with armageddon. If we look at how our financial and economic worlds are beginning to unfold, especially over the past six months, we see nothing positive happening. Economies, around the world, are in free...

train collapse economy preparedness

Is Our Economy Collapsing?

by Rory, The Daily Coin If you have been following our collapsing economy this will not come as shock at all. As matter of fact you might, as I have, find a little peace in all of it. You see, our world is about to change and for those that are prepared, especially spiritually, mentally and physically, you will probably do better than most. The rest of us; well…. Going all the way back to...

ED I

Economic Disaster

by Rory, The Daily Coin If we look at some of the dots that are beginning to line up, 2016 may not be a very good year for manufacturing, retail or the economy as a whole. The U.S. economy is 70% retail, which is an unsustainable economic base anyway you look at it. If the people that flip burgers next door to the big box store are one-anothers-customers and this is the majority of your...

ship economy china collapse

Global Slowdown Worse than Forecast

by Wolf Richter, Wolf Street Who is going to pull the global economy out of its funk? No one knows. But it’s not going to be China – regardless of how many more times the central bank is going to tweak its policies and cut interest rates. That’s what China’s trade fiasco is saying. Soothsayers were once again shocked on Sunday by just how far China’s imports and exports have deteriorated. Exports dropped 6.9% in...

ship economy china collapse

China’s Economy Continues To Crumble As Key Data Is Worst In 15 Years

TDC Note – As the worlds manufacturing center, China may be the most important economy in the world. If nothing is being made and shipped out to the rest of the world, what does that tell you about the reality of what is actually happening; especially in the two largest Chinese markets–Europe and the U.S.. As we have noted, here, here and here, beginning in March 2015, the BDI and Shanghai Containerized Freight Index, has...

collapse economy people

These Are the Final Chest Pains of a Dead Global Economy

by Dave Hodges, The Common Sense Show Good Monday Morning, the world’s stock markets are in free falls and the banks and their worthless paper currencies are next!!! The world is in the middle of a global economic meltdown. What does that mean? The simple answer is that it will not be long until every modern country is consumed by hyperinflation resulting in the crash of most of the paper currencies on the planet. This will...