The chart depicts a plunge unlike we’ve ever seen, and tells a tale of woe, woe, woe on the water. Essentially, contracts for bulk shipping evaporated, leaving the oceans filled with nothing but – pirates!Nicely done. Though a little depressing for the shipping industry.
Landing the Big One
Tuesday, January 06, 2009
Best use of "pirates" in a non-ship capturing manner in this report on the collapse of the bulk shipping market here: