HANJIN

http://www.volvooceanrace.com/en/boat.html

https://www.google.com/search?site=...p..0.1.36.3.GAF5onbKFkI#imgrc=ydKioX2EgRGW5M:

 

C'mon @RERM , you have to know what I'm talking about

 

http://www.usnews.com/news/business...hanjin-to-resume-work-in-long-beach-this-week

Looks like the immediate crisis will start to resolve, at least vessels will be able to offload cargo. No word yet on how soon other shipping lines will be able to cover the freight.

Yesterday I talked with my broker that used to handle all my freight. The situation is CRAZY. At least two or three weeks of cargo are piling up in ports overseas. Air freight is having a field day. Rates? You don't even want to know.

Expect higher consumer prices in the next few quarters.

 

There was a ginormous Hanjin stack at Elwood yesterday with huge likes to go with it.

 

Why do people think that pouring money down a hole will fix the problem? When the people in poor countries put their collective sorry ###-- toward improving their own lives then they can live better. Our money poured down these holes does absolutely nothing to improve their lives. Go back to America's earliest days. People got on ships at great personal risk and sailed to America. Many, many generations of people continued that effort to bring this country to where it was before the UN (our money down a hole), NAFTA ( our living standards had no where to go other than down), and the rise of people like the Bushes and the Clintons (and many others) who put their personal gain ahead of this nation's well being.
Going back to throwing money at a problem - how well have Welfare, food stamps, sending billions in aid to foreign countries, and the like worked at making peoples lives better?
Help yourself and I will help you. Sit on your butt and whine - you can kiss mine.

 

I have to agree, to disagree.

 

Fair enough.

 

%3? Aint they the seventh largest in the world. They have about 500000 containers stranded or $14 billion floating.

 

https://www.google.com/url?sa=t&sou...2DLvcRWy88xXtKYZw&sig2=A5porZmfcS5gxmC5HeLB0A