International Shipping Industry Will Return

The international shipping industry has seen betterSome very wise international shipping companies are
days and many of the large cargo ship containerpurchasing new ships that are more energy efficient
companies have parked large numbers of vessels atand use less fuel, and can carry over 15,000 cargo
docks, and have offloaded cargo containers that arecontainers at a time. And they are doing this at the
piling up in the ports empty. Many of these ships arebottom of the recession, even as some would
taking what few containers that are left that needconsider this a very big risk. But in reality it is very
to be shipped around the globe and traveling at 5 towise.
8 knots, along with the currents in the ocean, toGetting rid of older ships that are inefficient and
save fuel.cannot carry the number of cargo containers needed
There are no more free rides for containers goingin such a robust global economy makes sense. When
back to the home ports, because the shippingthe economy was batting 1000 every ship no matter
container companies can no longer afford to do that.how inefficient was running full speed ahead. This did
They have to cut costs, cut labor, cut crews, cutnot help the international shipping companies that
fuel consumption, and cut the number of ships thatwere using these old ships, some of them were built
are sailing in their fleets.over 50 years ago. So, which companies will emerge
But, I must warn you that the international shippingwinners in this shipping industry in the future? It will
industry will return, it always does as recessions endbe those companies that did not let the global
and commerce and trade increases. The same goeseconomic meltdown scare them into canceling orders
for the air cargo industry, the trucking industry, andfor new ships. Please consider all this.
the rail industry in the United States and abroad.