I guess the next to be losing greatly will be those shipping company.
WHY?
In the boom of 2007 end to 2008 start, they bought alot of ship for transporting goods from China to the rest of the World. There were Korean Posco steel maker company always post profit beating estimate due to ship building company demand but now Posco is in red as there will be low demand for steel.
Plus manufacturing is in depression for sometime, shipping is gonna be low demand as consumer spending has fall greatly. I believe the next casualty in US maybe the shipper that have too much ship in the shipyard and the maintenance, operating and insurance fee will cost them alot.
Thursday, October 16, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment