over9k
So I didn't tell my wife, but I...
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I am shocked I tell you, truly shocked.
I am shocked I tell you, truly shocked.On some per capita measures, the real living standards of Australian households are back where they were eight years ago.
Container rates for shipping have stabilised and are back at pre covid levels.
View attachment 165141
There has been a bit of an uptick in recent tmes, which may well be attributed to the severe drought in central Americas that has severely restricted what and how many can get through the panama canal.
From BBC News
Seeing as this restriction will continue to worsen for at leat twelve to 18 months, we can expect that container rates will increase, especially if the cape size ships start to bypass the canal and head for the Cape Horn route.
not getting any better ... from BloombergThese costs ill eventually feed into costs for most countries.
Lucky for us here in Australia we have the manufacturing hub above us.not getting any better ... from Bloomberg
Climate change could ruin Christmas as Panama Canal dries up
The impact of a record-breaking drought in Panama has spread beyond energy supplies and is now affecting container shipping, a crucial sector of the global freight market that moves everything from campervans to Christmas toys. Sudden downpours in the Central American nation may not be enough to mitigate changes to the way trade operates.
Rainfall this wet season – which runs from April to November – has been 41 per cent lower than normal, reducing levels at key reservoirs, including Gatun Lake. The 64-kilometre Panama Canal relies on these water sources to operate a system of locks that allow ships to transit between the Pacific and Atlantic oceans. From 36 crossings per day, capacity has already been cut to 25 and will drop to 18 by February.
The possibility of a canal bottleneck turning into the “Pinch that stole Christmas” should be a catalyst for buyers, manufacturers and shipping companies to reassess their whole approach to supply and logistics. Centralising manufacturing and piling products into ever-larger ships makes less sense if transport bottlenecks diminish economies of scale.
To allocate slots, the Panama Canal Authority (PCA) auctions off crossings. Japan’s Eneos Group paid $US3.98 million ($6.06 million) in a sale last month, 20 times more than average. Carriers of fuels such as liquefied petroleum gas and liquefied natural gas were hardest hit early on – restrictions started to bite in May – because they don’t have fixed schedules and need to queue up when they arrive at either entrance.
As the drought continues, caused by a severe bout of the El Nino effect, container vessels are now starting to be affected.
These vessels tend to operate on a fixed timetable so they can book ahead and sail straight through. But even scheduled crossings are being cut.
In fact, the impact on container transport has the potential to be much worse, because the majority of these ships are now larger after an upgrade to the canal in 2016 allowed larger carriers to pass through. This NeoPanamax class can hold 2.8 times more containers than the Panamax variety. Crossings for NeoPanamax have been cut by the biggest ratio because of their size
the one we are buying nuclear subs to 'defend against ' or were you talking about South KoreaLucky for us here in Australia we have the manufacturing hub above us.
From Bloomberg so woke swamp media, we had to blame climate change.As mentioned at the end of the article:not getting any better ... from Bloomberg
Climate change could ruin Christmas as Panama Canal dries up
The impact of a record-breaking drought in Panama has spread beyond energy supplies and is now affecting container shipping, a crucial sector of the global freight market that moves everything from campervans to Christmas toys. Sudden downpours in the Central American nation may not be enough to mitigate changes to the way trade operates.
Rainfall this wet season – which runs from April to November – has been 41 per cent lower than normal, reducing levels at key reservoirs, including Gatun Lake. The 64-kilometre Panama Canal relies on these water sources to operate a system of locks that allow ships to transit between the Pacific and Atlantic oceans. From 36 crossings per day, capacity has already been cut to 25 and will drop to 18 by February.
The possibility of a canal bottleneck turning into the “Pinch that stole Christmas” should be a catalyst for buyers, manufacturers and shipping companies to reassess their whole approach to supply and logistics. Centralising manufacturing and piling products into ever-larger ships makes less sense if transport bottlenecks diminish economies of scale.
To allocate slots, the Panama Canal Authority (PCA) auctions off crossings. Japan’s Eneos Group paid $US3.98 million ($6.06 million) in a sale last month, 20 times more than average. Carriers of fuels such as liquefied petroleum gas and liquefied natural gas were hardest hit early on – restrictions started to bite in May – because they don’t have fixed schedules and need to queue up when they arrive at either entrance.
As the drought continues, caused by a severe bout of the El Nino effect, container vessels are now starting to be affected.
These vessels tend to operate on a fixed timetable so they can book ahead and sail straight through. But even scheduled crossings are being cut.
In fact, the impact on container transport has the potential to be much worse, because the majority of these ships are now larger after an upgrade to the canal in 2016 allowed larger carriers to pass through. This NeoPanamax class can hold 2.8 times more containers than the Panamax variety. Crossings for NeoPanamax have been cut by the biggest ratio because of their size
i thought of editing it out, M le frog, but the clicks don't come unless you throw the switch to vaudeville, as P Keating once said. Why analyse when simplistic will do. At least the article does probe a bit.From Bloomberg so woke swamp media, we had to blame climate change.As mentioned at the end of the article:
Panama has opened a new much bigger canal in parallel to handle much bigger ships.
Obviously the water consumption went up the roof..and there was no extra capacity added to the natural lakes, then add the expansion of population consumption (not too bad with agriculture and industry so far) and this was a disaster waiting to happen.
Not that we would do much better here as we are doubling the population size of our cities without adding extra dams either
In both cases, blame climate change LOL.
But the issue is here, and will remain even if we close our few left coal power stations.i expect that inflationary impact to be localised on the north American markets
Pretty much all of Asia.the one we are buying nuclear subs to 'defend against ' or were you talking about South Korea
there seems to be a lot of growth in Asia ( compared to other continents )Pretty much all of Asia.
Albos been smooching winnie the poohs ar5e a lot lately. We might see a bit of a pivot if Trump gets in.
Middle class is starting to form in a lot of these nations. Juicy opportunities ahead.there seems to be a lot of growth in Asia ( compared to other continents )
but from my limited dealing with Asians they prefer genuine commitments to agreements
it isn't just an Albo thing with Australian trade relationships ( we could have been joined at the hip with India more than 10 years back , had we thought about the nations future carefully )
i hope so i have been trying to get exposure to India and Indonesia where i see potential , i also have a stock where they operate in SingaporeMiddle class is starting to form in a lot of these nations. Juicy opportunities ahead.
India's the china of the next 30 years
smarts has a way of refining culture ( in many cases )India has the smarts but do you think they have the culture to grow like China?
Yes. Also vastly better geography.India has the smarts but do you think they have the culture to grow like China?
depends on if you like the heat or not , but lots of coastline and less likely to be shut in via seaborne blockades . add in solid rice producer Bangladesh has an adjoining land borderYes. Also vastly better geography.
Corruption and bureaucracy will be an anchor.India has the smarts but do you think they have the culture to grow like China?
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