Freight Fallout Across the Seas . . . .

[errolanderson]

A segment as essential and accountable as ocean container lines are now wary and hunkering down for another fresh economic downturn.

Interesting fact: the Shanghai Containerized Freight Index is now 44% below its value during the 2008-09 financial crisis. An interesting read . . . .

http://www.economist.com/news/business/21677209-largest-container-lines-are-bulking-up-try-withstand-fresh-downturn-big-box-game?fsrc=scn/tw/te/pe/ed/thebigboxgame

[sumdumguy]

The world of competition, what we lack in the cereal grains sector.

[vvalk]

Errol what is your thoughts on the USA employment and economic data released the other day? Almost certainly will see an interest rate hike and a 70-72 cent dollar. I don't think everything is doom and gloom.

[biglentil]

Baltic Dry lowest level for this time of year on record. Central planners have their backs against the wall. Its negative interest rates or war.

[bucket]

Prior to 2008 there was a push to start using containers to move grain. Maybe that idea will start up again.

To bad from the prairies you still have to deal with the railways to move them to port.

It's also interesting that ocean rates drop but railways get a rubber stamped cta increase.

[mcfarms]

A lot of grain moving from here in containers from both the new seed plant and using the old as well for that purpose.

[errolanderson]

vvalk . . . yesterday's U.S. jobs number that was nearly 100,000 above trade estimates was a huge surprise and does light-the-fire under Dec U.S. Fed rate hike talk.

But this does nothing to correct a slumping global market that simply dwarfs the U.S. economy in size.

To me, a rate hike heightens the risk of a U.S.recession in 2016. Consumer spending remains in-decline. The U.S. Fed remains in a very tight corner.

As far as a 72 cent Cdn dollar . . . don't count on it. Oil prices aren't going to lay down especially with Putin stirring the pot. In my opinion, the range for our Cdn dollar remains in a 75 to 78 cent range this winter.

[vvalk]

we will see about the world doom and gloom. as far as I'm concerned everyone is in the same boat. its overly simplistic but in the end they will just cancel out each others debt.

[mcfarms]

https://www.google.ca/url?sa=t&source=web&rct=j&url=https://worldmaritimenews.com/archives/tag/alphaliner/&ved=0CCIQFjACahUKEwia64yI2_7IAhVRK4gKHQMHA3Y&usg= AFQjCNHl_ypHmSdGOY3ZHWNmNSu64cIjDw&sig2=o7dKkWiHO6 zdjQKnMzkM6QQ


Here a good report for you Errol shows the increase in shipping capacity etc.

[Guest]

sumdum. or in the fertilizer buisiness