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Reply #4 robertcheng's post
Now there is an oversupply of BULK ships, especially with the 30% downturns in import and thus consumption in the key 5 consumption regions, China, USA, Europe, North East Asia and British Club states!|
Bulk ships would be in excess suppy, needing either shipbreaking which i think is done in India, Pakistan (to take advantage of the low cost of labour to supply the electric arc steel mills. and the very competitive ship building trio, China, Korea and Japan.
A shipping trust flying the NEUTRAL FLAG of Malaya and Singapore will benefit global shipping, whether it's the terrorist threaten Australians, the expensive rules in Japan, Korea or the need for neutrality of vessel in face of global rivalry for commodities, energy, markets!!!! If Japan, Korea, China, Australia, UK, France, USA invest in SHIPPING OWNING TRUST business, it will be easy to stock up on bulk ships (which i think represents 30% of the global fleet of 50,000 vessels). and lease it to shipping companies, whose shipping requirement could change rather quickly.
(as the Australian debacle in iron ore exports has shown)
Transfering the risk of possessing non-neutral ships in Australia, Japan, Korea or maybe even China to a neutral Malaya-Singapore flagged operations would provide (1) A new investment avenue for global finance, (2) provide a new niche market near the major supply and consumer of commodities in the New Middle Kingdom linking it to Middle East and Africa!
It reduces risk of excess capacity to the Shipping companies in Asia-Australasia!
less we forget, bulk of sea farers are from nations neighbouring Malaya-Singapore such as Phillipines, Myanmar and India!
ha ha ha
So, it's a positive for all!!!!!