‘Eurasia’ logistics hub at Le Havre

This story has both the good and bad of the Europe-Asia trade.  On the good side, there’s increased investment and opportunity in logistics with the Far East.  the hub is focused on luxury goods like wine right now!

On the bad side, at the bottom is the note that the largest shipment ever of  fake drugs was interdicted at Le Havre.  (The action had nothing to do with the ‘Eurasia’ hub.) 1.2 million doses of glucose masquerading as aspirin, from China.  It tells us we need to be ultra careful in dealings there or elsewhere, where the regulations are not so precise, perhaps, or policies not so customer-friendly.

French-Chinese businessman invests in ‘Eurasia’ logistics hub at Le Havre – Lloyd’s Loading List.

IMO | Day of the Seafarer 2013

June 25 is the day of the seafarer. It’s a day to commemorate the dedication and concern seafarers show for their customers, their world, and their fellow human beings.  IMO | Day of the Seafarer 2013.  Please comment on how seafaring has made humanity better!

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Is it really the right time to buy ships?

When prices are down we should buy ships! Is this the right time? This has been an interest of mine since I learned about microeconomics.  It is the classic preference argument that says you are better off whether the market goes up or down (assuming enough liquidity).  You scale down when prices are high, and scale up when they are low, and you make your money off the capital gain, rther than the operation.  shipowners have been trying to do this for years, and many have been very successful. In particular, Greek shipowners have made this a specialty.

It actually works because they are able to operate the ships they do own efficiently. So they sell off the less useful ones when times are good, and buy ships for new market niches when there is a glut of ships.

Is it really the right time to buy ships?, International Shipping News, Shipping News, Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping.