Thursday, June 12, 2008
Last Year I Commented On Shipping Line Sales
Most Asian stocks fell, led by financial companies and shipping lines, on concern credit-market turmoil and slowing global growth will erode profit.Not really good for commodities. I noticed about six weeks ago that some of the Malaysian domestic lines were agitating to get the government to control foreign competition, so I'm guessing the problem is widespread.
Mitsui O.S.K. Lines Ltd. dropped after rates for transporting commodities by sea had a record decline.