China has a voracious appetite for commodities, which means it has a tremendous appetite for shipping to carry those commodities. In a Communist twist on Say's Law, demand creates its own supply. Since there is a long lead time in ship building, shipping rates are very volatile.
In this video, the FT's Jonathan Wheatley interviews shipping industry expert, Dinesh Sharma, a senior consultant at Drewry Maritime Advisors, about the boom and bust business. Jonathan Wheatley is the FT's deputy emerging markets editor.
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