Wednesday, January 14, 2009

Global Shipping Now Taking Cues From

Clusterstock's Joe Weisenthal covers a number of interesting beats, including global cargo carriers. His piece today reports that not only are some sea routes below their break-even, they're effectively free.

Shipping rates, which totally collapsed in 2008, have shown some signs of life in the past few weeks, but it's still a pretty miserable environment. Along some Asia-Europe trade lines, shippers are charging $0 for suppliers to send their wares overseas. It literally couldn't get any worse.

Naturally, the first thing that I thought was "Well, maybe they can make it up on volume."

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