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To: Vermont Lt

It’s amazing how disastrous these ships have been from a financial perspective. Building ships like this adds so much capacity to the shipping industry that the shipping rates are depressed ... which means the companies that operate these ships have a hard time recovering the cost of building them.


16 posted on 10/28/2015 3:56:02 AM PDT by Alberta's Child ("It doesn't work for me. I gotta have more cowbell!")
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To: Alberta's Child

“which means the companies that operate these ships have a hard time recovering the cost of building them.”

Actually, the reverse is true. Due to the economy of their scale they can transport cargo cheaper than the smaller ships so they get booked first. These ships are the first to have a full load.


37 posted on 10/29/2015 9:44:08 AM PDT by CodeToad (Stupid kills, but not nearly enough!)
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