Monday, December 10, 2012

Boom and Bust In Shipbuilding

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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