Forex Howto

16 Jan, 2009

Shipping rates hit zero as trade sinks

Posted by: Milton In: Macro

I think my market predictions for 2009 are well and truly out.

I just read a story which scares me.

Freight rates for containers shipped from Asia to Europe have fallen to zero for the first time since records began, underscoring the dramatic collapse in trade since the world economy buckled in October.

Shipping rates hit zero as trade sinks - Telegraph.

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Forex Howto is a site that I setup some years ago, I neglected it for a couple of years and now it's back online.

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