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What Good is the News?
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Stressful Enough
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Introducing the New Ford Squeeze
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Non-Economic Questions of the Day
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The Stress Test Blind Alley
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Recovery Without Rebalancing
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Mar 07 2008 12:00am EDT
Shipping Datapoint of the Day
Scott Borgerson, in Foreign Affairs:
Taking into account canal fees, fuel costs, and other variables that determine freight rates, these shortcuts [through the Arctic Ocean] could cut the cost of a single voyage by a large container ship by as much as 20 percent -- from approximately $17.5 million to $14 million -- saving the shipping industry billions of dollars a year.
I had no idea that a single journey by a single container ship could cost as much as $17.5 million. No wonder all those Greek magnates are so wealthy!
(Via Cowen)
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