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When Shipping Overcapacity Meets Falling Demand

IMG Auteur

Mish

Global Economic Analysis

Published : December 09th, 2015

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Category : Crisis Watch


	The following charts show what happens when an increasing number of ships meets falling demand. Harper Petersen Shipping Rates by Vessel Size - Ten Years Source: Harper Petersen More charts below, but first let's explain TEU. TEU TEU stands for twenty-foot-equivalent unit. It's an imprecise term because lengths have a 20-foot long (6.1 meters) standard but heights vary. Heights range from 2 feet three inches to 9 foot six inches. The most common heights are 8 feet 6 inches (2.6 m) and 9 feet 6 inches (2.9 m). Let's hone in on shipping rates for the last two years. Harper Petersen Shipping Rates by Vessel Size - Two Years Harper Petersen Index - Ten Years Harper Petersen Index - One Year Something clearly happened in first quarter of this year in terms of shipping demand. Mike "Mish" Shedlock

Source : globaleconomicanalysis.blogspot.com

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Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com

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