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Saturday, October 25, 2008

Shipping costs plummeting


The cost to ship things by ship varies with a lot of things. Prominent among them are fuel costs and demand for ships. Both seem to have plummeted -- the graph shows a 90% decline in dry commodity shipping costs since May of this year.

http://www.dryships.com/index.cfm?get=report

With such wild gyrations, it must be very difficult to do any reasonable planning.