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Shippers Warn of Overcapacity, Cancel Scheduled Voyages, Announce Profit Warnings; Don’t Sleep in the Subway

Thursday, November 5, 2015 0:15
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(Before It's News)

by Mike “Mish” Shedlock
MISH’S Global Economic Trend Analysis

B4INREMOTE-aHR0cDovLzMuYnAuYmxvZ3Nwb3QuY29tL19uU1RPLXZacFNnYy9TRmNxanlJaVI4SS9BQUFBQUFBQUN5SS95b2E1WjZzM0tGWS9zNDAwL21pc2hwaG90by5naWY=Shipping is a strong indication on the health or weakness of the global economy. So let’s take a look at what’s happening.

World’s Largest Shipper Cancels 39 Voyages

The Wall Street Journal reports Maersk Line to Cut 4,000 Jobs as Market Deteriorates

The world’s biggest container-ship operator is altering course, slashing jobs and canceling or delaying orders for new vessels after years weathering a sharp downturn in the container-shipping market.

Continue Reading at GlobalEconomicAnalysis.Blogspot.com…



Source: http://financialsurvivalnetwork.com/2015/11/shippers-warn-of-overcapacity-cancel-scheduled-voyages-announce-profit-warnings-dont-sleep-in-the-subway/?utm_source=rss&utm_medium=rss&utm_campaign=shippers-warn-of-overcapacity-cancel-scheduled-voyage

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