World business still slowing down

I quote the following news stories to emphasise my concerns; all from one commercial blogsite.

  • Hapag Lloyd stock market floatation very disappointing results.
  • Maersk (leading shipping and cargo company) lays 4,000 workers off, and lays up new container ship, and cancels six more huge containership orders.
  • Maersk shipping profits tumble by a half.
  • Norway’s oil income slumps to lowest total in six years.
  • The price of iron ore drops a further ten percent, slowing exports from Australia’s major export port by a further nine percent from September’s total.
  • Hornbeck Offshore has a total service vessel fleet of 59 Offshore Service Vessels, but has laid up 30 OSV’s so far, with the possibility of more going quiet.
  • Shanghai Container Port’s quarterly net profits were down 18.3% for the same period last year.

acargo shutterstock_166070336

All these news stories come from just one corner of the global business of the world, but it is an important part; shipping, ships, oils and cargo containerships.

Should we be stocking up on tinned goods, and bulk-buying candles?

3 comments for “World business still slowing down

  1. November 6, 2015 at 4:31 pm

    Rather than buy candles, do all your work by daylight and go to bed after dark.

  2. November 6, 2015 at 4:37 pm

    But James, we need the candles to count the remaining tins when it gets dark.

  3. Ed P
    November 7, 2015 at 12:30 am

    Buy a diesel generator. Diesel may be made from cooking oil and some alcohol, fairly easily at home.
    Even if the mains fails, gas will be available. So a small generator can keep the gas boiler, freezer & fridge going – TV too if its 400W or more.
    Heaters using gas canisters are useful if you stock up on spares.
    I’m sorry for those living in modern houses without tradional fireplaces & chimneys.

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