Ships floating around with no where to go
The Hoegh Traveller is passing by the house at this moment. Not really sure what is inside. It’s supposed to be cars, but who is going to buy them?
As I’ve mentioned, the backlog in worldwide shipping is noticeable here on the Bay with dozens of ships parked in the Annapolis anchorage with nothing better to do. But if you think that’s bad, you should see what is going on in Singapore right now. Over 700 cargo ships are at anchor with nowhere to go, no cargo to carry. As the Asian exporters scale back their offerings, these ships that were a lifeblood of international trade now sit idle.
God it would be a great time to buy some ships and start my own shipping company. Anyone have a few million to spare?
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