We really do need to keep a close eye on the world economy. The latest economist predictions are, late summer of 2016 the domino effect will really kick off.
Maersk ties the decline in global shipping to a FALL IN DEMAND, not an increase in shipping fleets.
This point is driven home when one examines the real-time MarineTraffic map, which tracks all cargo ships around the world. For the past few weeks, the map has remained almost completely inactive with the vast majority of the world’s cargo ships sitting idle in port, not travelling across oceans to deliver goods. The reality is, global demand has fallen down a black hole, and the U.S. is at the top of the list in terms of crashing consumer markets.
http://www.alt-market.com/articles/2787-the-us-is-a…